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Premiums to rocket but how high? Euro locals leave it to international banks in covered bond market in aftermath of Credit Suisse affair

Regulators’ supportive words have saved AT1, but prices are prohibitively high

Bank bond spreads did not tighten despite the SNB’s support for Credit Suisse, prompting market participants to expect a different and hasty conclusion

Mandates pile up after empty week but dealers want safe, short deals to go first

The market is in fine fettle but this is based on a delicate balance

Big buyer steps out leaving returning group of investors to take up slack in rates markets

Non-core currencies are giving European banks a funding afterparty, after time was called on the rally in core markets, where borrowing costs have risen

Issuers will need to offer more generous concessions as they return from blackout, despite a stellar start to the year in the primary market as investors recalibrate strategies in search of spread direction

Riskier trades fly after JP Morgan stretches maturities beyond defensive short end

Strong support for national champions as market volatility persists

Issuers will need to move early and nimbly as credit and rates sentiment will be choppy

Firms turn to sterling and euros to take deals off the table and ease New Year funding pressure