IFR SNAPSHOT - Busiest September ever for IG winds down
WEB1 day ago · For the week, 54 tranches were priced totaling US$41.22bn and September volume so far stands at 224 tranches totaling US$176.92bn, making it the busiest September ever for IG issuance recorded, according to IFR data. That number does not include any offerings to be priced today, the last day of the month. September 2020 was the previous record ...
IFR SNAPSHOT - The HY primary active while IG sits one out
WEB4 days ago · In the IG primary yesterday four offerings were priced totaling US$7.45bn, pushing weekly volume to US$41.22bn, which exceeded syndicate supply forecasts for the week, and September issuance to US$176.92bn, according to IFR data. The average new IG issue concession was 1bp and the order book coverage was 4.64x subscribed, according to the data.
IFR SNAPSHOT - IG and HY primaries still going strong
WEB6 days ago · The average IG bond spread remained unchanged at 92bp on Tuesday and the HY bond spread widened by 6bp to 321bp, according to ICE BofA data. "IG index spreads narrowed 0-1bp during yesterday’s session, and the ICE Corporate index opens this morning at a spread to Treasuries of 92bp. That’s the narrowest spread for the IG index since July 16 ...
IFR Awards 2023: The winners | IFR
WEBFeb 2, 2024 · Mess up the resulting handover and things can go wrong very quickly. Morgan Stanley looks to have handled its succession process extremely well while remaining on top of its game. Morgan Stanley is IFR’s Bank of the Year. Articles on the winners of all 110 categories are available here. A …
IFR SNAPSHOT - Dealmakers prepare for corporate bond deluge
WEBAug 30, 2024 · Volume this year of US$1.127trn exceeds the US$873.694bn of bonds priced during the same period last year, the data show. The S&P 500 and Nasdaq Composite indexes were up this morning in early trading, while the yield on the 10-year US Treasury was quoted at 3.87%, about even with yesterday's close. The average investment-grade bond spread was ...
US IG primary slows to a crawl in last week of August
WEBAug 26, 2024 · The last week of August is not expected to be an active session for the US corporate bond primaries as many syndicate desks take vacations. For today, just one IG offering is expected to price in the primary and the HY arena is idle. "Amidst the second week of the so-called 'dog days' of summer, IG supply is naturally expected to slow markedly this week with expectations for just $3bn," BMO said.
IFR Asia Awards | IFR
WEBIFR Asia Awards 2023: Foreword. “China plus one” – diversifying away from China to other countries – was the main theme in 2023 for investors and investment banks alike. Weaker than expected economic activity challenged the conventional wisdom that China would always be the key source of growth, and led to another annual decline in bond ...
IFR SNAPSHOT - Summer lull slows issuance flow in IG primary
WEBAug 27, 2024 · On Monday one IG offering was priced totaling US$300m, lifting August IG issuance to US$105.745bn, according to IFR data. No offerings were priced in the HY primary yesterday, leaving August HY issuance at US$18.05bn, the data show. The average IG bond spread was unchanged at 96bp on Monday and the HY bond spread tightened by 4bp to 315bp ...
Quant credit rebounds after tough period | IFR
WEB4 days ago · Quant credit rebounds after tough period. IFR 2553 - 28 Sep 2024 - 04 Oct 2024. 5 min read. Americas. Christopher Whittall. The relentless rise of electronic trading in corporate bonds is driving a rebound among hedge funds specialising in quantitative credit, helping to draw a line under a chastening period for investors that called into ...
US corporate bond primaries rest as summertime slowly fades - IFRe
WEBAug 29, 2024 · On Wednesday, the bonds took another leg down to change hands at around 71.70 cents on the dollar after trading last Friday at 75.88. The 3.5% 2032s issued by split-rated Advance Auto Parts was also moving yesterday at around 87.25 cents on the dollar. Earlier this month, the company announced the sale of …