IFR SNAPSHOT - US corporate bond primaries continue to push …
WEB3 hours ago · John Doran. The US investment-grade and high-yield corporate primaries continue to push out offerings ahead of the inflation data releases later in the week. The IG primary expects four offerings to price, while the HY primary saw two deal announcements with one of those expected to price today. The economic data …
IFR SNAPSHOT - IG issuance expected to be front-loaded ahead of …
WEB1 day ago · Corporate IG bond issuance this week is also expected to be higher. "After supply disappointed to the downside last week, syndicate desks are expecting $15+bn in IG supply this week," BMO said in a report his morning. "That falls mostly in-line with the historical experience for the first full week of October, which has seen an average of $15 ...
Portfolio trading surges – and heads multi-asset | IFR
WEB4 days ago · View now. Portfolio trading surges – and heads multi-asset. US portfolio trading volumes have more than doubled this year as the rapid electronification of corporate bond markets is encouraging more investors to buy and sell large blocks of bonds in one go. There were US$802bn of portfolio trades in US corporate bond markets in …
IFR SNAPSHOT - Issues roll out into IG and HY primaries
WEBSep 24, 2024 · On Monday 12 IG offerings were priced totaling US$13.35bn, lifting September issuance to US$149.150bn, according to IFR data. The average new issue concession for the issues was 0.64bp and the average order book was 3.99x covered, according to the data. The average move from initial price …
IFR SNAPSHOT - The HY primary active while IG sits one out
WEBSep 27, 2024 · In the IG primary yesterday four offerings were priced totaling US$7.45bn, pushing weekly volume to US$41.22bn, which exceeded syndicate supply forecasts for the week, and September issuance to US$176.92bn, according to IFR data. The average new IG issue concession was 1bp and the order book coverage was 4.64x subscribed, according to the data.
IFR SNAPSHOT - Ahead of Friday jobs report, IG and HY primaries …
WEB5 days ago · The average IG bond spread edged in 1bp to 91bp on Wednesday and the HY bond spread narrowed by 1bp to 306bp, according to ICE BofA data. "High grade spreads narrowed 1-2bp yesterday and now sit 1bp narrower on the week," BMO said. "With yesterday’s narrowing, spreads are now at their tightest …
IFR SNAPSHOT - Corporate bond issuance picks up ahead of …
WEBSep 10, 2024 · The pace of new issuance in the primary corporate bond market is picking up on Tuesday, with at least 10 deals expected in investment grade and six in high yield.. Today’s slate of economic data releases is minimal while market participants prepare for the the hotly anticipated consumer and producer price indexes later this week. "Supply was expected to be front-loaded this week given ...
US corporate primaries quiet as jobs report surprises - IFR
WEB4 days ago · John Doran. The US investment-grade and high-yield primaries are quiet on Friday as headlines from a surprisingly strong September jobs report dominate markets. September's employment report of 254,000 jobs created far outpaced the 150,000 consensus and 159,000 jobs in August, BMO said in a report today, adding that this is the highest since ...
Post Fed, US corporate primaries back in the swing - IFR
WEBSep 19, 2024 · The US investment-grade corporate primary, after pausing yesterday, is back in action with two issues on Thursday following the Federal Reserve's rate cut. The high-yield arena is also active today with at least two offerings expected to price. After keeping rates on hold for 14 months, Deutsche Bank …
IG bond market cools after fevered issuance pace - IFR
WEBSep 5, 2024 · At least 10 investment-grade bond offerings are slated to price on Thursday, as the market for new issuance from the best-rated corporate credits downshifts after shattering weekly forecasts in just two days.. The investment-grade bond market welcomed 19 offerings on Wednesday with issuers raising …