Sterling
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US banks' euro secondary spreads have widened following a generous, arbitrage funding from Bank of America -
BofA the latest US lender to take advantage of arb in euros and sterling
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Rare FRN structure is not enough of a selling point to move spread during bookbuilding
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First FRN of the year as fixed rates lose their competitiveness
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Both sterling and euro bond markets offer attractive funding levels to US financial institutions keen to get their bond issuance done
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TD has raised the equivalent of $6bn in the covered bond market over the past two weeks
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Funding advantage appears and disappears, but currency is more attractive than usual
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Plenty of demand left as FIG sterling burst hits £4.5bn over the last fortnight
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Lack of issuance and attractive levels driving senior sterling flurry
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UK bank attracts wider range of investors with green bond debut after upgrades
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Spanish lender rides three times covered book to land flat to euros
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Dutch issuer planning long and short maturity trades
