US dollar

◆ Pair of real estate borrowers print four euro tranches ◆ Vonovia draws strongest demand on shortest leg of €2bn three-part trade ◆ Realty Income pays small concession on €600m outing

Musk's firm joins bumper dollar club and bankers hope other markets could follow

Intesa Sanpaolo and Nomura printed their biggest dollar trades as Yankee banks took advantage of favourable funding conditions.

Smaller orders, missing hedge fund bids as market exits ‘white-hot’ phase and soon to switch to holiday mode

A very different 2026 for Gulf issuance has altered league tables

◆ Japanese agency squeezes out concession on $1.5bn 10 year ◆ Zero new issue concession ◆ Flat curve, longer duration

Head of funding Jochen Schader says strong promotional lending has pushed the 2026 target above €15bn, as the agency caps its dollar programme before the summer

While European companies lock in attractive euro funding through private placements

When reserve managers switched from Treasuries to other public sector bonds, they meant it

◆ Canadian issuer's first benchmark in dollars, euros or sterling this year ◆ Dollar supply lull aids return ◆ Clean book and harsh allocations

◆ Post-Fed bid greets dollar SSA pair ◆ Bank treasury bid for two-five year euro paper ◆ Hamburg the outlier in 10 years

AI issuance is becoming increasingly concentrated — beware