IGM Credit, IGM FX and Rates
24 Feb 2020
Inside this week’s edition of The Context, Financial Intelligence thought leaders discuss: UK-EU: A Clash on Trade While the EU and the UK position themselves (polarised comes to mind) ahead of the start of transition talks and trade deals, a vote in the Netherlands highlights potential issues facing the UK on any trade deal. The NZD Week - Bias is Neutral-to-Bearish Even as RBNZ's Orr talked last week of being in no rush to go lower on interest rates, implied probability of a rate cut by June now stands at 66%. Euro FIG Snapshot: Demand Still Plentiful Despite Shakier Tone Despite the variable tone in markets seen over the course of the week, the primary FIG market continued to spit out deals, albeit at a slightly slower pace, where non-covered FIG issuers raised a total of EUR5.94bn in a polarised week which saw borrowers opt for either senior or AT1 format. Read more from The Context and subscribe to have it delivered to your inbox each week!