The GBP Week - Bias is Bearish
The Citi UK economic surprise index is on the slide at -132.2 (near record low of -140.3 on May 12) versus around -50.0 mid last week following the much worse than forecast and record -20.4% m/m UK Apr GDP on Fri. The lockdown effect. The data came ahead of this week's BOE on Thursday…
Euro Corp Comment: Supply Rises in Front Loaded Week
Issuance from corporate borrowers was plentiful last week with single currency supply totalling a hefty EUR10.64bn via 17 lines. With that, year-to-date euro IG/split-rated corporate issuance now stands at EUR260.01bn which is an impressive 52% ahead of where we were at the same stage in 2019.
High Level Forum on CMU Calls For Securitisation Growth
The High Level Forum on the Capital Markets Union (CMU) spoke out in favour of securitisation last week, as it published its final report titled “A New Version for Europe's Capital Markets".