Rates Spark: Plenty of Supply as We Approach Summer

Issuers are flooding the primary bond market with new sovereign and SSA deals ahead of the summer break, while market sentiment remains resilient despite hawkish central bank expectations.

Key Takeaways

• 1.Primary bond markets are seeing a significant surge in activity from sovereign, supranational, and agency (SSA) issuers before the summer lull.
• 2.The ECB is expected to hike rates next month, a view supported by recent commentary and current money market pricing.
• 3.Global market sentiment remains resilient, supported by the 'tech narrative' and a decrease in volatility measures like the VIX despite geopolitical mixed signals.

Table of Contents

• Market sentiment still strong despite mixed signals on potential deal
• Plenty of issuers coming to the market ahead of summer
• Thursday's events and market view
• Author
• Disclaimer

Document Preview

Page 1 of 3

Subscribe for full accessStart Free Trial