US Investment Grade: Lights. Camera. Action!
Put on your seat-belts and prepare for what is likely to be a busier than usual, relatively speaking, week for the first full trading week of August when corporate issuers are likely to raise close to an average $29bln.
The JPY Week – Calling the GPIF!
A sharp turnaround in USD/JPY from Fri's 104.19 lows. That should work to help increase optimism that at least a near-term base is in place, but we suspect caution will reign. Reasons for the pullback/correction are plentiful…
European Structured Finance: July Closes as Second Busiest Month YTD
July closed with increased ABS sales, but with continuing concerns across the broader spectrum. It was the second busiest month of the year so far in volume terms though the bulk of transactions have been preplaced.