IFR SNAPSHOT - Ahead of Friday jobs report, IG and HY primaries …
WEB7 hours ago — The average IG bond spread edged in 1bp to 91bp on Wednesday and the HY bond spread narrowed by 1bp to 306bp, according to ICE BofA data. "High grade spreads narrowed 1-2bp yesterday and now sit 1bp narrower on the week," BMO said. "With yesterday’s narrowing, spreads are now at their tightest levels since June 12 and just 3bp off YTD lows ...
IFR SNAPSHOT - The HY primary active while IG sits one out
WEB6 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 - Busiest September ever for IG winds down
WEB3 days 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 - IG and HY primaries expect another busy day
WEB1 day ago — In the IG primary on Tuesday, five issues were priced in 10 tranches totaling US$9bn to kick off the month of October and lift weekly supply to US$11.35bn, according to IFR data. The average new issue concession was 3.0bp and the average order book was 3.54x subscribed, according to the data. The average move from initial price thoughts to ...
IFR SNAPSHOT - IG and HY primaries still going strong
WEBSep 25, 2024 — On Tuesday 11 IG offerings were priced in 17 tranches totaling US$10.50bn, lifting weekly issuance to US$23.950bn and September IG volume to US$159.650bn, according to IFR data. The average NIC for the offerings was 1.07bp and the average order book was 4.12x subscribed, the data show. The average move from initial price thoughts to …
IFR SNAPSHOT - IG market returns with deals from Citi, HP …
WEBSep 12, 2024 — Two high-yield bond issuers raised US$2.69bn yesterday, bringing weekly issuance to US$8.965bn, according to IFR data. So far this year junk borrowers have priced US$210.9bn of bonds, already more than the US$174bn done during all of last year, the data show. The average IG bond spread was unchanged at 101bp on Wednesday, and the HY bond spread ...
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 …
Inflation in focus as one IG issuer braves the market - IFR
WEBSep 11, 2024 — Two high-yield issuers, Perrigo and Viasat, are expected to print offerings today. They would follow the eight junk offerings that priced yesterday, raising a total of US$4.825bn, according to IFR data. The average IG bond spread widened by 2bp to 101bp on Tuesday, and the HY bond spread widened 10bp to 346bp, according to ICE BofA data.
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 ...
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 ...