Featured FIG
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Spreads gap out too fast after the credit rally of a lifetime ends, pushing price-sensitive issuers to reconsider their market entrance -
LBBW and Commerzbank reserve their slots early for first trading day of 2024 with December mandate announcements
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Banks may bring forward their 2024 funding plans to snap up duration as investors look to position ahead of predicted rate cuts
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Issuance opportunities abound across capital stack but borrowers said to be happy to wait for deeper liquidity
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Investors pounce on Société Générale and UBS sales after yields rise, then rates rally to soothe fears
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Banks have a promising but fleeting funding window that could push unsecured issuance for the year to a new record
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Relieved market enjoys a rally, but weaker names are still out of favour
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US banks may find a willing audience in euros but that will add to complications for European issuers as they look to start early on 2024 funding
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Santander makes case for G-Sib issuance but bankers insist minnows can price unsecured too
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Senior issuance to come to the fore as higher rates deter covered bonds and subordinated funding
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Banks could be snared by higher reserve requirements, deposit flight and active quantitative tightening
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Investors spying peak rates are packing the new issue market, tempting issuers to accelerate
