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Just over $6B launched. Supply should......>

PIPELINE
PIPELINE: Just over $6B launched. Supply should continue to increase after
financial shares annc earnings starting Tuesday: Jan 14: JPM, Wells, Citi; Jan
15: CS, USB, BoA, GS; Jan 16: BoNYM, MS; Supra-sovs ramp up issuance as well
amid continued angst over geopolitical risk. 
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #:
01/13 $1.85B #Royal Bank of Canada $1B 3Y +38, $850M 3Y FRN L+36
01/13 $1.5B #Femsa 30Y +130
01/13 $1.25B #Deutsche Telecom 30Y +137.5
01/13 $940M #Posco $500M 3Y +82.5, $440M 5Y +97.5
01/13 $700m #Reliance Standard Life $350M each 3Y +58, 7Y +103
01/14 $Benchmark KFW 3Y +7a
01/14 $Benchmark Govt of Canada 5Y +8a
01/?? $Benchmark Bank Leumi Le-Israel 11NC6 roadshow
01/?? $Benchmark Credit Bank of Moscow 5Y roadshow

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