United States

◆ Philip Morris flattens short end curve by 7bp ◆ EssilorLuxottica lands with single digit concession ◆ Wesfarmers increases deal size

Factors stack up to make US issuers and investors eager

Despite the latest legal development being ostensibly market pleasing, many feel little reason for cheer

Improved all-in funding conditions lure a host of European banks to the US as Citi emerges with jumbo opco trade

US covered bonds could fill the triple-A rated void left by the sovereign's downgrade

French deal lands close to its euro curve

Long end of curve proves to be the strong end

Asset class war breaks out as FIG market complains Reverse Yankees are stealing investors away from their deals

Issuer takes size at a competitive price on first foray into Swiss francs

◆ US companies Pfizer and McDonald’s raise euros ◆ Pfizer pays zero concession but some thought it looked cheap ◆ McDonald’s cooks up almost €4.7bn book at peak

Federal Reserve kept rates steady but only one company emerged after FOMC meeting

◆ Handful of European banks go Stateside after quarterly earnings ◆ Some revisit dollar funding despite it not offering best relative cost ◆ HSBC goes for size as its triple trancher surpasses BofA's $5bn print