Euro

◆ Large tightening in line with recent trades ◆ Prices flat or through fair value ◆ No French agency deals expected next week

◆ Danish bank finds demand with Friday print ◆ Shorter tenor appeals to investors ◆ Deal lands close to fair value

Come February unsecured volumes may surprise amid subdued risks, but tight pricings pose a challenge

Individual order sizes swell as issuers switch tactics to keep books buoyant

Stubborn SSA market sets floor on covereds as regional differences evaporate

Market to come back strong after pausing for central bank meetings and Lunar New Year

Lenders predict big demand for project finance this year

Lack of supply, not demand, will cause any slowdown in euro covered market say bankers

Swedish agency plans to tap dollars in March at the earliest

◆ Reverse Yankee FIG issuance 17 times greater than 2024 ◆ US banks benefit from cross-currency basis ◆ Bankers discuss Reverse Yankee pipeline

Wave of non-European names expected in euros while continent's corporates are in blackouts

◆ Tightest non-preferred pricing since 2020 ◆ Spread nears Bankinter's previous preferred debt sales ◆ Supportive market even at tight valuations ◆ Light secondary performance down to limited premium