Commerzbank
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Higher rates amplify asset class' attractiveness as summer break comes to an end
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Both supply and demand are on the rise to support more long-dated paper
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Muted SSA market welcomes European pair
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The southern European sovereign is also on the threshold of an IG rating from an ECB-recognised agency
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Benchmark deal flow to resume as early as the week of August 14
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Non-Swiss banks have leapt up the league tables in the wake of Credit Suisse's collapse
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German agency plots post-summer Swiss franc investor roadshow
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Issuance from German states has increased 70% year-on-year
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◆ Oversubscription did not materialise ◆ Rivals see pricing as too tight ◆ Helaba takes extremely rare Swiss route instead
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◆ Arb on offer for Canadian funder ◆ Swiss rates curve inverted, but five year demand still strong
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French corporate ends 11 year absence to land 5bp-10bp inside of euros