Cbonds Global

2022-01-26 10:04:31 US Treasury Securities

Yield Curve

UST 2Y YTM:
1.02% ( 3 bp)
UST 5Y YTM:
1.56% ( 3 bp)
UST 10Y YTM:
1.78% ( 3 bp)
UST 30Y YTM:
2.12% ( 2 bp)

The major indices traded well above yesterday's lows, which was good for overall sentiment and may have signaled an underlying hope that Fed Chair Powell could sound less hawkish than feared following the FOMC's policy statement tomorrow.

Comment: Briefing Open / Comment

2022-01-25 19:46:33 Upcoming issue

Issuer: True Potential

Issue description: 675m sterling bonds

Date: soon Open / Comment

2022-01-25 19:45:46 Upcoming issue

Issuer: Inter Milan

Issue description: 415m euro deal

Date: soon

Bookrunners and Lead Managers: Goldman Sachs Open / Comment

2022-01-25 19:45:14 Upcoming issue

Issuer: Renta

Issue description: 350m euro bonds

Date: soon

Bookrunners and Lead Managers: JP Morgan Open / Comment

2022-01-25 16:18:44 Largest EM issues of Januarу 21-25

Issue | Volume

United Arab Emirates
Abu Dhabi Commercial Bank (A1/A/A+), 3.2% 28jan2027, CNY 130 mln
Initial issue price (yield): 100% (3.20%)
The purpose of placing: General Corporate Purposes
Listing: Irish S.E.
Bookrunner: Citigroup
Depository: Clearstream Banking S.A., Euroclear Bank

Hong Kong
China Cinda (HK) Holdings (A3/A-/A), 3.25% 28jan2027, USD 1 bln
Spread to US Treasury bonds: 175 bp
The purpose of placing: Working Capital, Investment, Refinance
Listing: Hong Kong S.E.

China
Huafa Industrial, 4.2% 26jan2023, USD 200 mln
Initial issue price (yield): 100% (4.20%)
The purpose of placing: Refinance
Listing: Hong Kong S.E.
Bookrunner: Bank of Communications, CLSA, CNCB Capital, China Industrial Securities International Financial Group, China International Capital Corporation (CICC), China Minsheng Banking, GF Securities, Guotai Junan Securities, Haitong International Securities Group, Hua Xia Bank, Huajin International Holdings, ICBC, Shenwan Hongyuan Group
Depository: Clearstream Banking S.A., Euroclear Bank Open / Comment

2022-01-25 13:22:54 Upcoming issue

Issuer: CDP Financial

Issue description: February 2027 deal

Date: this week

Bookrunners and Lead Managers: BMO, Bank of America, Deutsche Bank, JP Morgan Open / Comment

2022-01-25 13:22:32 Upcoming issue

Issuer: Inversiones La Construccion

Issue description: debut international bonds

Date: soon

Bookrunners and Lead Managers: Bank of America and JP Morgan Open / Comment

2022-01-25 13:22:17 Upcoming issue

Issuer: Axpo

Issue description: debut sustainability-linked bonds and second Swiss franc deal

Date: at the end of this week

Bookrunners and Lead Managers: UBS, Zuercher KantonalBank Open / Comment

2022-01-25 13:21:45 Upcoming issue

Issuer: Kfw

Issue description: April 2027 benchmark size deal

Date: this week

Bookrunners and Lead Managers: Commerzbank, Goldman Sachs, HSBC, Societe Generale Open / Comment

2022-01-25 12:45:32 Upcoming issue

Issuer: France

Issue description: 2053 maturity inflation-linked bond

Date: this week

By the way, inflation in the country is at 13 year highs Open / Comment