Free Trial
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.
CONSUMER CYCLICALS
- The LEASYS 3.875 03/28 issued on Wednesday is trading ~14bp tighter from reoffer and has taken secondary bonds similarly tighter.
- Priced at MS+120, in our new issue analysis bullet we saw that as FV.
- At issuance LEASYS (NR/NR/A-) traded ~15bp wide to VW Bank(A3/BBB+/A-). The new 28s now trade inside VW 4.375 05/28.
- We have seen similar phenomena with several new issues recently; fresh eyes and a liquidity event causing new issues to price inside curve FV and/or repricing secondary curves tighter. Further evidence of incredibly bullish conditions in credit right now.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok