Free Trial

Supply Expectations & Fund Flows

CREDIT SUPPLY
  • This weeks surveyed (bbg) expectations are for €21.5b in €/£ markets & $35-40b in $IG.
  • Last weeks supply (€35b/$52b) was above expectations (€20b/$30b) but had little impact on secondary with it being more than matched by fund inflows.
  • €IG ETF, IEAC, is continued to see outflows but mutual funds made up for the weakness.
  • $IG ETF flows turned back to inflows over the week combining with strong ex-ETF flows - Refinitiv reported the largest weekly inflow since Feb '21 for $IG conventional funds at +$4.3b.
  • £IG reported net outflows again - its saw little issuance activity last week (~£1b), keeping spreads insulated from any impact (£IG -4bps).

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.