United States
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Return of US market set to turbo charge European FIG bonanza with AT1 revival
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Final burst of issuance struck this week before expected dearth begins
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Over Sfr1.45bn printed in two days as Roche, Geberit, CCDJ and Equinix all hit the market
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Missing US issuance could return to feed European investors ‘crying out’ for supply
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US drugmaker's multi-tranche deal kicked off a week heavily front-loaded with deals
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Belief the Fed will cut rates by 25bp to 50bp in September hold firm
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Bankers convinced European bond markets will shrug off short term volatility around US election
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◆ Little impact from election expected, but issuers don't want to risk it ◆ Vanishing number of issuance windows remain
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Corporates price highest daily volume after market volatility brought the market to a standstill
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Flight-to-quality fully on show in European government bond yields and spreads
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US Treasury yields slumped following Friday's lower than expected US jobs numbers
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Autumn funding will start early and fast, but geopolitical risk abounds