US dollar

Borrowers turn to defensive tactics after market deteriorates overnight

Four issuers line up as markets turn constructive

Swiss bank starting 50bp back from fair value and 225bp away from recent comps

Biggest single rise since 1994 now seen by some as the most likely outcome

Société Générale paid a hefty premium to access the dollar market on Wednesday as banks and other financial sector issuers continue to adapt to higher funding costs to get deals over the line.

POP Mortgage Bank plans first deal after Standard Chartered structured its first

Issuers see plenty of demand but defining fair value becoming difficult

Spreads for SSA dollar issuers leapt wider after EAA’s pulled trade last week

ECB meet and UK government turmoil mute other core markets

Cracks appear in covered execution as investors change tack towards higher yielding deals

Australian US dollar deals trade wider than Canadians and the curve is steep

Volatility in dollars and dour market mood pushes German agency to postpone trade