Heidelberg slashes spread amid ‘insane’ rally

Alex Radford

June 19, 2019 06:45 PM

Mario_Draghi2_PA_230x153 — (190410) -- FRANKFURT, April 10, 2019 (Xinhua) -- European Central Bank (ECB) President Mario Draghi attends a press conference at the ECB headquarters in Frankfurt, Germany, April 10, 2019 The ECB Wednesday announced to keep the key interest rates for the euro area unchanged at least through the end of 2019. (Xinhua/Lu Yang) | Lu Yang/Xinhua News Agency/PA Images

The rally set off European Central Bank president Mario Draghi's assertion on Tuesday that further quantitative easing was possible, if not probable, had reached a level by Wednesday that astonished bankers. Three investment grade companies took advantage that day with benchmark bond issues, while one brought a tap.

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Santander Deutsche Bank JP Morgan LBBW UBS Bank of America Barclays EMEA Corporate Bonds ING Standard Chartered SEB Europe Crédit Agricole Raiffeisen Bank International AG UniCredit Société Générale

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Alex Radford