Sources discuss why 2020 has seen a slow start for €STR issuance, while EIB discusses its recently priced second €STR-linked deal.
Memories of last summer were haunting traders minds today as gamma soared higher and offers disappeared from the screens as strikes were hit.
Outright long-end receiving and a sharp drop in 30y swap rates emerges. LCH/EUREX remains bid amid paying interest.
France is launching a new 2052 via syndication. Others also working on deals are CRH and Telefonica.
BEs bear steepened as fears of spreading coronavirus soured the risk tone.
A light stream of euro callables was accompanied by a handful of repacks over the last week or two plus taps of long-dated vanilla bonds.
Bunds are modestly lower as dealers become virus experts. LCH/EUREX basis remains better bid. Banks disagree over Italian risk-reward.
The previously hectic pace of EUR new issuance slowed by another notch heading into the weekend.
China’s coronavirus infected the risk tone today, muddying up the prospects for today’s 10y TIPS auction
Inflation was marked lower today on a perfect storm of virus concerns, weaker oil prices and stronger Bunds. Still, AFT supply was well-digested.