US dollar

◆ BFCM becomes first French bank to print Yankee after parliamentary election ◆ Foreign banks rush before major US peers expected to swarm market ◆ Athene raises dollars days before pulling a euro deal

SSA issuers priced before US inflation data is announced

◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards

◆ Rapturous demand for non-US bank syndications ◆ Japanese bank draws huge order book ◆ Bankers estimate slim concessions

Rentenbank and EIB among those taking advantage of the French elections relief

◆ Foreign FIG issuance so far in 2024 outstrips last year’s volume by more than $20bn ◆ Multiple Canadian and Japanese lenders print ◆ US banks prepare capital plans after the Fed’s latest stress tests

Investors are looking for higher yielding deals

No premium needed for $750m seven year sale

Supra issuer aims to fund $15bn in the year from July 1 and remains committed to dollar benchmarks

Issuer to stick to usual pattern with last syndicated benchmark of the year

Issuer also benefits from improving market tone as ‘every day is a little better than the last’

'Good timing' for the sovereign to return to dollars as euro market continues to wobble