Bonds - USD
Just over $50bn priced in IG new issuance (ex-SSA) last week, topping expectations, as AbbVie's $30bn came. This week surveys expect around $24bn.
New issuance over the past week saw a decent $23bn of IG issuance (ex-SSA). This week starts with a big bang as AbbVie's $27-28bn is pricing
A day of hefty, but less-frantic-than-earlier-in-the-week, EUR issuance activity saw Apple in the spotlight with a sizeable issue.
New issuance roared back to life this past week as $33.7bn (ex-SSA) priced in IG new issuance. It was a surprising result, sources say.
A range of issuers lining up euro deals this week included SEB, DZ, RBS and Colgate-Palmolive.
Just under $14bn priced last week, helped in large part by Wells Fargo's $6,5bn 2-part. Citigroup and Hyundai lead today's business.
Only $10.6bn priced last week, another underwhelming result. Post-earnings FIG issuance was light, This week $15bn is expected.
IG new issue volumes disappointed last week. This week, with FIGs announcing earnings, sources look for some FIG supply, but expectations are low.
An impressively busy day once more for new issuance saw the shadow of Italy’s $7bn 3-part cast over much of the curve.
Only $10.4bn priced last week, an underwhelming start to October. Surveys expect around $15bn for this week.