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Fresh supply sets 'encouraging' tone for January — but issuers should expect to still pay up
◆ Supra returns after two-year hiatus ◆ Deal reopens SSA benchmark issuance, paused since late October ◆ Relative value in focus after end of ECB buying, recent swap moves
The bank has issued four digital bonds since 2021
◆ First SSA euro deal sold in nearly two weeks ◆ Rarity, yield and green label lead to 'strong success' ◆ E-supras' curves referenced for pricing
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◆ Deal size increased to £375m from £250m ◆ Danish issuer's second largest print in sterling ◆ 'Positive takeaway' from smaller agency deals
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KfW first to return to the primary market with opportunistic sterling tap
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No tightening in sight but stability hopes rise as market digests US and German political upheavals. Next EU deal to offer direction
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‘Difficult’ few weeks ahead as negative Bund-swap and wide SSA spreads take toll
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Public sector bankers concerned as political drama in Europe’s biggest economy unfolds
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Rates market braces for higher yields and steeper curves