The Week That Was (3rd – 9th Jan)
US Treasury yields saw a massive jump to start the year with the 10Y yield up 25bp. The curve has steepened with the 2s10s up 11bp to 90bp. The moves come alongside the FOMC’s minutes that showed that the Fed may need to raise interest rates “sooner or at a...
The Week That Was (6th – 12th December)
US primary markets saw an increase in issuances over the prior week to $36.5bn vs. $22.6bn in the prior week. IG issuances rose to $30bn vs. $19.1bn in the prior week, led by Merck’s jumbo $8bn five-part deal and JPMorgan’s $2.35bn issuance. HY issuances...
The Week That Was (29th Nov – 5th Dec)
The US yield curve flattened for four consecutive days with the 2s10s ending the week at 74.97bp, down 20bp WoW, the lowest since December 2020, on the back of a frontloading of the Fed’s rate hikes to mid-2022 and risk-off fears weighing on long-end yields. US...
The Week That Was (22nd – 29th November 2021)
US primary markets saw a sharp decrease in issuances last week given the Thanksgiving holidays to just $3.7bn vs. $44.1bn in the prior week. IG issuances dropped to $3bn vs. $33.7bn in the prior week and HY saw almost no new deals vs. $9.2bn in the week before. CDW...
