Structures - USD
USD MTNs: NIB, RBC lead ZC activity; Formosas; CPI-linked
Non-Formosa ZCs saw some new activity, led by a $80m 20y NC6 from NIB and two ZCs from RBC (10y and 15y). Formosas and CPI see two prints.
USD MTNs: JPM Formosa; SocGen ZC; Some CMS
While market volatility and rate swings impeded volumes, SocGen did print a 10y ZC while JPM sold a fixed Formosa earlier in the month.
USD MTNs: JPM ZC; Callable flows wind down
MTNs activity slowed down with callables seeing less activity. JP Morgan launches the solo ZC for the week - a $30m 20y NC7 non-Formosa.
USD MTNs: Callable supply surges; CS CPI; NBC floating Fo...
Fixed callable supply surged. National Bank of Canada launched a 10y floating Formosa. Credit Suisse came with a pair of CPI notes.
USD MTNs: RBC Formosa; JPM and SSA fixed & step up callab...
ZC activity simmered down this past week with only RBC coming with a deal. Elsewhere, JPM and some SSAs were active in fixed and step up callables.
USD MTNs: Callables and ZCs pick up the pace; CPI linked
MTNs were active this past week as callables picked up across the board. In zero-coupon callables, supply was more plentiful. CPI notes see two.
USD MTNs: 15y and under ZCs; Barclays SOFR Formosa
5y to 15y ZCs saw new supply this past week - all non-Formosa. Barclays sold a $100m 5y SOFR-linked Formosa.
USD MTNs: ZC activity dialed back; CMS prints; Fixed & st...
ZC activity was dialed back a bit this week while a few CMS deals printed. MS, GS, JPM and Citi were all active in fixed and step-up callables.
USD MTNs: Formosas pop back up; SocGen steepener
Formosas saw a couple of prints - a Credit Agricole 10y NC2 fixed callable and a Citigroup 5y floating Formosa. SocGen launches a CMS steepener note.
USD MTNs: ZC supply slows; Jefferies CMS; Callables
Only a $40m 15y NC6 from Bank of Nova Scotia came in ZCs this past week. Jefferies launched a 20y fixed to CMS. Callables see some activity.