Bonds - EUR

EUR New Issue Pipeline: ADB, CA, LBP, UBI, ZF

ZF Europe Finance is working on a four-part EUR benchmark deal. Also pricing are ADB, Credit Agricole, LBP Home Loan and UBI Banca.

EUR MTNs: Re-Packs; Lone CMS; Long-dated vanilla

Euro-denominated MTNs emerging over the last week or so included re-packs, a lone CMS structure, and some long vanilla.

JP Morgan on developments in €STR trading

JP Morgan's co-head of EMEA rates, Tom Prickett, discusses recent developments in €STR trading and the prospects for the nascent benchmark.

EUR New Issues: Carnival coming to town

Carnival, the world’s largest leisure travel company, has mandated BAML, BNPP, Citi, GS and NatWest for a EUR 10y.

Basis: SOFR mania; Italy whopper drives EUR/USD

An impressively busy day once more for new issuance saw the shadow of Italy’s $7bn 3-part cast over much of the curve.

EUR New Issues: EBRD, Ireland, Hypo Tirol.

EBRD, Ireland and Hypo Tirol are in the market today.

EUR Swaps: Big flow hits 30y 3s6s; LCH/EUREX firm

Aggressive receiving in long-dated 3s6s has pushed the basis to multi-year lows. LCH/EUREX was stable but some see a widening bias.

EUR New Issues: Atlarea, Deutsche PBB, IDA (World Bank), ...

Atlarea, Deutsche PBB, Lagardere and IDA (World Bank Group) are in the market today. Ivory Coast is targeting the long-end via syndication.

EUR New Issues: AXA, CK Hutchison, Pepsi, Santander, Queb...

A wide range of issuers are expected to price in euros today including AXA Home Loan, CK Hutchinson, PepsiCo, Santander and Quebec.

EUR Swaps: Chase the flattener or steepener?

Trader views are mixed on the next direction for the euro swap curve. NatWest argues that convexity and Japanese flows will flatten the curve.