MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Corporate Debt Issuance Nears $200B

PIPELINE

No new issuance expected Friday after heavy $46.26B domestic/foreign high-grade debt issuance priced Tue-Thu this week, total for month at $188.31B already compares to $227.55B in 2021. Likely see total for Jan over $200B with pause around next week's FOMC. Pace of issuance may start to slow as Fed starts to to hike rates (March expected 25bp hike)

  • CDX IG 5Y credit spds holding near highs for the week after gaining latter half Thursday, currently 57.12 (+3.99 on day) vs. 53.42 late last Friday. CDX HY 5Y at 107.60 (-0.63 on day) vs. 108.39 late last Friday.
    • Date $MM Issuer (Priced *, Launch #)
    • 01/20 $1.5B *Bank of New Zealand (BNZ) $750M 5Y +68, $400M 5Y SOFR+81, $350M 10Y +105
    • 01/20 $2.1B *US Bancorp $1.25B 6NC5 +60, $850M 11NC10 +85 (6NC5 SOFR dropped)
    • 01/20 $1.75B *Bank of America PerpNC5 4.375%
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.