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** The primary EUR corporate sector posted a record breaking year in 2016, with EUR291.94bn of paper issued courtesy of 413 separate deals. For an annual review broken down by month please see IGM's CORP SNAPSHOT

Broader market developments on Wednesday

** EU risk assets turn negative, led lower by financials and energy, following Tuesday's marginal risk-on price action

** Spain's IBEX35 forms the weakest link as banks get hit by EU top court ruling, forcing lenders to reimburse home mortgage customers for extra interest paid since the Supreme Court's May 2013 decision on so called mortgage floors (BN). Elsewhere, Italy's BMPS fell as much as 19.4% as liquidity concerns weighed

** SX7P marginally lower on Wednesday, but well off 5yr low seen in July this year � see CHART WATCH: European banks (SX7P) - onwards and upwards

** 10yr Bund yield touches lowest level since 30th Dec (0.2376%), while SPGBs and PGBs underperform regional peers. 10yr UST/Bund yield spread hits fresh Euro era wide of 231bps

** iTraxx indices sea-sawed but were on course to close a shade tighter with Crossover hitting its tightest level since Dec 2015

Market snapshot (15.40)

** SXXP -0.29% / SX7P -0.51% / IBEX35 -0.67%

** Brent -0.36% at USD55.15, Gold +0.15% at 1134.2

** iTraxx Main -0.1 at 70.7 � Crossover -1.5 at 286.9

What to watch Thursday

** Data: In Europe, UK reports Consumer Confidence, Italy reports Industrial Orders and Retail Sales. In the US, key focus will be on the 3rd estimate of Annualised GDP, seen upgraded slightly to 3.3% QoQ (2nd est 1.7%, Q2 1.8%). Fed's preferred Core PCE measure, Durable goods, personal income and spending also form part of the agenda.

** Events: ECB releases its latest economic bulletin

** Supply: US to hold USD14bn 5yr TIPs auction

SSA Priced / SSA Pipeline

CORP Priced / CORP Pipeline

FIG + Covered Priced / FIG + Covered Pipeline

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