Cbonds Global

2022-02-03 10:00:30 US Treasury Securities

Yield Curve

UST 2Y YTM:
1.16% ( 2 bp)
UST 5Y YTM:
1.60% ( 3 bp)
UST 10Y YTM:
1.78% ( 3 bp)
UST 30Y YTM:
2.11% ( 1 bp)

The Treasury market saw modest demand from buyers amid the geopolitical risks and negative employment data.

Comment: Briefing Open / Comment

2022-02-02 16:23:47 Upcoming issue

Issuer: Île-de-France

Issue description: green 10 and a 20-year deal

Date: the issuer is holding investor calls until Friday

Bookrunners and Lead Managers: BNP Paribas, Crédit Agricole CIB, HSBC, Natixis, Nomura and Société Générale Open / Comment

2022-02-02 16:13:50 Largest EM issues of Januarу 31 - February 2

Issue | Volume

Cote d`Ivoire
African Development Bank(Aaa/AAA/AAA), 0.823% 10feb2027, SEK 1 bln
Bookrunner: Danske Bank
Depository: Clearstream Banking S.A., Euroclear Bank Open / Comment

2022-02-02 16:10:36 Upcoming issue

Issuer: Development Bank of Japan

Issue description: three-year stability bond

Date: soon

Bookrunners and Lead Managers: Morgan Stanley, Barclays, Mizuho and Nomura Open / Comment

2022-02-02 15:01:15 ​​ The Russian сorporate bond market effectively did not change in January 2022; The total volume of the domestic bond market is approaching 34.4 trillion rubles

Corporate bond market volume

By the end of January 2022, the total volume of Russian domestic corporate bonds amounted to 17 569.69 billion rubles. Compared to December, market volume decreased by 0.01%. A month earlier, the market volume was 17 571.9 billion rubles. A year ago, following the results of January 2021, the Russian corporate bond market volume was equal to 15 855.25 billion rubles - the figure increased by 10.81%.

In January, 8 issuers entered the market, 26 new issues were placed (in December 2021, there were 42 issuers and 108 new issues). Last January, 10 issuers entered the market with 24 bond issues.

Municipal bond market volume

There were no placements in the municipal bond segment in January. The total market volume did not change and amounted to 990.82 billion rubles. A year ago, at the end of January 2021, the market volume was 908.3 billion rubles, 9.09% less than the current.

Government bond market volume

In January, the Russian Ministry of Finance held 2 auctions; both were successful. The Ministry of Finance of the Russian Federation then suspended the holding of auctions in order to help stabilize the market situation. In January, government bond market volume amounted to 15 835.71 billion rubles (7 auctions were held in December 2021, market volume was 15 826.74 billion rubles). Open / Comment

2022-02-02 10:01:49 US Treasury Securities

Yield Curve

UST 2Y YTM:
1.18% ( 0 bp)
UST 5Y YTM:
1.63% ( 1 bp)
UST 10Y YTM:
1.81% ( 2 bp)
UST 30Y YTM:
2.12% ( 1 bp)

U.S. Treasury yields moved higher on Tuesday as investors weighed new data about inflation and the economy.

The move in yields came after the ISM Manufacturing purchases managers index for January showed slight growth and higher prices paid. The Fed has previously indicated that it would monitor the recovery in the labor market to help inform its plans for tightening monetary policy.

Comment: CNBC Open / Comment

2022-02-01 18:51:31 Upcoming issue

Issuer: UBS Group

Issue description: non-call five-year bond

Date: nearest future Open / Comment

2022-02-01 18:46:47 Upcoming issue

Issuer: PSHypo

Issue description: 2 deals

Date: March Open / Comment

2022-02-01 18:33:07 Upcoming issue

Issuer: Italy

Issue description: 10-year bond

Date: soon

Bookrunners and Lead Managers: Bank of America, Citi, HSBC, UniCredit, and Société Générale Open / Comment

2022-02-01 16:22:47 Largest EM issues of Januarу 28 - February 1

Issue | Volume

Chile
Inversiones La Construccion S.A., 4.75% 7feb2032, USD 300 mln
Initial issue price (yield): 98.051% (5.00%)
Spread to US Treasury bonds: 322.2 bp
The purpose of placing: General Corporate Purposes
Bookrunner: BofA Securities, JP Morgan
Depository: Clearstream Banking S.A., Euroclear Bank

Estonia
Luminor Bank(A3/-/-), FRN 8feb2027, EUR 250 mln
Initial issue price (yield): 100%
Listing: Irish S.E.
Bookrunner: Nordea Bank Abp
Depository: Clearstream Banking S.A., Euroclear Bank

Czech Republic
MONETA Money Bank(A3/NR/-), 1.625% 3feb2028, EUR 100 mln
Initial issue price (yield): 99.501% (1.73%)
Spread to mid-swaps: 150 bp
Listing: Luxembourg S.E.
Bookrunner: JP Morgan
Depository: Clearstream Banking S.A., Euroclear Bank

Romania
Romania (Baa3/BBB-/BBB-), 2.125% 7mar2028, EUR 1,25 bln
Initial issue price (yield): 99.942% (2.14%)
Spread to mid-swaps: 185 bp
Listing: Luxembourg S.E.
Bookrunner: Citigroup, Erste Group, HSBC, ING Bank, JP Morgan, Societe Generale
Depository: Clearstream Banking S.A., Euroclear Bank

Romania (Baa3/BBB-/BBB-), 3.75% 7feb2034, EUR 1,25 bln
Spread to mid-swaps: 325 bp
Listing: Luxembourg S.E.
Bookrunner: Citigroup, Erste Group, HSBC, ING Bank, JP Morgan, Societe Generale
Depository: Clearstream Banking S.A., Euroclear Bank Open / Comment