BBVA
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Investors still favouring liquidity, but smaller issuers can get deals done
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Issuance heats up life as European banks scoop over €5bn from market
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New issue concession diminished throughout the day amid sharp rates volatility
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Policy to apply initially in Spain and gradually to other countries
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Sovereign plans deal as eurozone periphery spreads widen on ECB comments
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Investors are charging higher premiums on longer dated deals
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Corporate bond market keeps going as investors look to put cash to work
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Corporate and FIG issuers forced to pay up as investors shut up shop
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Bevy of names on screen but deal sizes expected to remain modest
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Issuer finds chunky demand with first Baa3 rated benchmark in weeks