The EBRD has been conspicuous by its presence in the cross-border bond issuance market this week, as fellow supranational borrowers retreat.
The basis swap market is gently awakening after a partial shutdown yesterday. Traders reported short-dated EUR/USD activity and longer cable flow.
Fintech Wematch has matched its first EUREX/LCH basis trade, between Societe Generale and LBBW.
JP Morgan announced an 8y NC7 today while Dow Chemical's multi-tranche deal is on the slate for next week.
A continued revival of GBP-denominated cross-border bond interest was one of the highlights of a session today that saw choppy price action.
Listing of Asia Pacific bond issues likely to create hedge requirements across rates markets.
Havens are lower as virus fears ease and risk assets gain, led by oil. In the news, ISDA looks at the progress towards benchmark reform.
Price action was somewhat muted today, but cable traders will be happy to see GBP supply. IFC discusses its sterling offering today.
Traders blamed supply rather than risk-on for today’s rate selloff and curve steepening. The Buxl ASW tests lows amid talk of structural ALM flows.
Societe du Grand Paris is selling EUR benchmark 50y. Italy has over €48bn orders for its new 16y. Also pricing are EIB, LBBW, NRW and Siemens.