US dollar

◆ Low concessions paid in the first part of the week ◆ Market tone worsens after US downgrade and rates volatility ◆ Wells Fargo chooses quick return for opco funding

BAT, Mercedes-Benz and Daimler Truck head over the Atlantic for dollars

UK issuer is latest to use the market to diversify its funding lines

◆ Improved funding in dollars for European banks ◆ The two issuers have been heavier users of euro and sterling markets this year ◆ Where is best to print in dollars for others eyeing the market?

◆ Lloyds and Santander launch Yankees ◆ Better execution in the dollar market than raising euros or sterling, says Lloyds Treasury ◆ Dollar investors supporting foreign issuers, including capital trades

◆ Size and execution the main attractions of dollars, but it costs more ◆ Well progressed UK banks weigh taking a chip off the table ◆ Dollar covered bonds unlikely

Provinces take a step back from borrowing but pension sector issuers lean forward

Public Storage pays just a handful of basis points, while Amex coughs up more

◆ Regulator starts collecting data on hedging and accounting of capital instruments ◆ Is AT1 debt or equity? ◆ BNP Paribas’s reclassification of future dollar AT1 provides an example

Investors seen shifting from equities to bonds to lift fixed income markets

The focus will be on currencies other than dollars

Issuer hopes to refresh its euro presence with a potential green bond