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Corporate spreads in Europe widened sharply but actual selling of bonds was limited
'Not much supply in immediate future' as volatility cripples issuance
‘Resilient’ public sector stands ready to get back in action with dollar and euro deals
Focusing on absolute emissions is a big plus, said one observer
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Reductions in ECB purchase programmes will cut Slovakia's funding by €1bn-2bn -
Two more syndications to come and market is strong, but issuer is aware that 'uncertainty is still there'
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Last January's book and deal size records tumble to encourage bankers with 'trillions' of issuance still to be digested
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◆ Size was at upper end of recent range ◆ Book was over €30bn at one point ◆ Portuguese bonds still tight versus peers
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◆ Investors pour in €270bn of orders for new BTPs ◆ 10 year book a record for sovereigns ◆ Next up, Portugal
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◆ First out of three Belgian euro syndications proved a hit ◆ Usual 2bp premium paid ◆ Italy to follow with potential €20bn deal
