The EUR Week - Bias is Bearish
The ECB meeting takes centre stage this week, and Draghi is poised to unleash a barrage of stimulus to shore up economic growth. A rate cut of some degree is anticipated alongside other methods of monetary easing, which in turn will widen the yield differentials between the Eur and other currencies...
US Corps: Records Fall as Volume Tops $75bn
The investment grade new issue market kicked off the post-Labor Day rush with an unheard of $75.371bn (first week ever to top $70bn) from 52 deals / 91 tranches (ex-SSA).
Asia Credit Insight: Primary US$ Volumes Slump in August
APAC US$ primary supply for August dwindled to US$12.823bn, a mere quarter of July's issuance bonanza of US$51.084bn and representing a 23.4% drop from August 2018. The seasonally slow month was attributed in part to the usual holiday period, although further hampered by an escalation of the US/China trade war.
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