Euro Corp Comment: Multi-Tranchers Drive a Bumper Week, Investors Remain Receptive
Investment grade corporate issuers have now led overall euro supply for four consecutive weeks with the asset class last week accounting for 53.7% of the aggregate EUR28.475bn to print in the single currency.
Outlook Still Constructive For EM Local Currency Bonds After This Year's Rally
Sluggish growth, together with muted inflation has resulted in a broad shift towards more accommodative monetary policy globally and ultimately created compelling opportunities in EM local currency bonds.
The JPY Week - Bias is Neutral-to-Bearish
Despite a number of firms calling out a lower Usd/Jpy in recent weeks we cannot help but admire its ongoing resilience. We are happy to stay long admittedly at a good level at 107.99 for 111.00-plus on a seasonality basis.
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