US dollar

◆ Issuer achieves cover ratio record ◆ Other markets in play for remaining $3bn needs ◆ More SSA dollar issuance to come

French deal lands close to its euro curve

Tightening trend in private credit pricing has reversed since April 2, but reliability is funds' trump card

Long end of curve proves to be the strong end

Diversity of deals on offer as recession fears subside

What is good for equity markets may be bad for Treasuries

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

‘Rammed’ week ahead with EGBs, EU, EIB, KfW and many smaller names expected to keep investors busy

Key trade planned for 2025 executed to satisfaction, $4bn left to do

Both decisions met market expectations, despite prevailing economic uncertainty

◆ MDB adds another point on euro curve ◆ One benchmark per year printed since debut ◆ Deal got ahead of ‘rammed’ week for supply