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EURJPY TECHS

Off Recent Highs

USDJPY TECHS

Uptrend Remains Intact

GBPUSD TECHS

Back In Its Bull Channel

EURUSD TECHS

Bearish Engulfing Candle

EQUITIES

Stocks Bounce, But Still Off Last Week's Best

FOREX

Havens Offered as Risk Sentiment Repairs

US$ Credit Supply Pipeline

Issuers return from holiday

  • Date $MM Issuer (Priced *, Launch #)
  • 11/30 $1.75B #National Securities Clearing $1B 3Y +25, $750M 5Y +45
  • 11/30 $1.5B #Santander 10Y +190
  • 11/30 $750M #Bank of NY Mellon 3Y +20
  • 11/30 $650M #Con Edison WNG 3NC1 +47
  • 11/30 $500M *McKesson WNG 5Y +55
  • 11/30 $Benchmark Istanbul Metro Muni 5Y investor call
  • 11/30 $Benchmark Banco Continental investor call
  • 11/30 $Benchmark VakifBank 5Y investor call
  • Rolled to Tuesday
  • 12/01 $Benchmark KBN (Kommunalbanken Norway) 3Y +6a
  • -
  • 11/25-11/27 No new issuance, $12.2B total for week
  • -
  • $6.5B Priced Tuesday
  • 11/24 $2.25B *Rep of Turkey 10Y +6.0%
  • 11/24 $2B *IDA (Int Dev Assn, extn of World Bank), 10Y +19
  • 11/24 $1.25B *Kommunivest 3Y +4
  • 11/24 $1B *NWB (Nederlandse Waterschapsbank) 5Y +9
  • -
  • $5.7B Priced Monday (not including GSE)
  • 11/23 $4B *Peru $1B 12Y +100, $2B 40Y +125a, $1B 100Y +170
  • 11/23 $1.2B *Rep of Serbia, 10Y +2.35%
  • 11/23 $500M *Sultanate of Oman 6Y 6.3%, $300M 11Y 6.9%
  • 11/23 $3.5B *Fannie Mae 3Y +7
  • -
  • Issuance Running Total $109.48B For Month
  • 11/19 No new issuance Friday; $65.13B total last wk
  • -
  • $7.555B Priced Thursday; $65.13B/wk
  • 11/19 $3B *Charter Comm's $1B +11Y +147, $650M tap 30Y +207, $1.35B +40Y +227
  • 11/19 $1.8B *AES Corp $800M 5Y +100, $1B 10Y +160
  • 11/19 $1.2B *Allstate 5Y +40a, 10Y +70a
  • 11/19 $555M *Uzbekistan 10Y 3.7%
  • 11/19 $500M *Goldman Sachs +5Y +255
  • 11/19 $500M *Massachusetts Electric 10Y +88
  • -
  • $9.05B Priced Wednesday; $57.575B/wk
  • 11/18 $2B *Bausch Health $1B 8.25NC3.25 5%, $1B 10.25NC5.25 5.25%
  • 11/18 $1.5B *Am Elec Power $450M 3NC1 +55, $600M 3NC1 FRN L+48, $450M 5Y +65
  • 11/18 $1.5B *EBRD 5Y +7
  • 11/18 $1.25B *VEON Holdings 7Y 3.375%
  • 11/18 $1B *TJX $500M +7Y +53, $500M +10Y +73
  • 11/18 $700M *Swedish Export Cr 2.5Y SOFR+27
  • 11/18 $600M *Stryker WNG 3NC1 +40
  • 11/18 $500M *JAB Holdings WNG 10Y +135
  • -
  • $35.4B Priced Tuesday, $48.525 for week
  • 11/17 $8B *World Bank (IBRD) $3B 3Y +2, $5B 7Y +14
  • 11/17 $8B *Saudi Aramco $500M 3Y +110, $1B 5Y +125, $2B 10Y +145, $2.25B 30Y 3.3% yld, $2.25B 50Y 3.65% yld
  • 11/17 $4B *VW AM $1B 2Y +60, $1.25B 3Y +70, $1.25B 5Y +90, $500M 7Y +105
  • 11/17 $3B *Rep of Italy +5Y +85 (+30Y still considered)
  • 11/17 $2B *Deutsche Bank 6NC5 fix/FRN +175
  • 11/17 $2B *HSBC 6.5NC5.5 +120
  • 11/17 $1.7B *American Tower $500M 3Y +43, $650M 7Y +87.5, $550M 30Y +137.5
  • 11/17 $1.5B *ANZ 15NC10 +170
  • 11/17 $1.2B *Air Lease $600M 5Y tap +220, $600M 10Y +250
  • 11/17 $1.1B *Entergy Louisiana 3NC1 +40
  • 11/17 $1B *BNG Bank 5Y +10
  • 11/17 $1B *BCFM +3Y +47
  • 11/17 $900M *Alexander Funding 3Y +162a
  • -
  • $13.125B Priced Monday, Mexico priced late
  • 11/16 $3.625B *United Mexican States, $1.825B 10Y +175, $1.8B 40Y +210
  • 11/16 $2.5B *Goldman Sachs $2B 3NC2 +45, $500M FRN SOFR+54
  • 11/16 $1.75B *Phillips 66 $450M +3NC1 FRN L+62, $800M +3NC1 +70, $500M +5Y +90
  • 11/16 $1.6B *Georgia Pacific $900M +3Y +40, $700M +5Y +55
  • 11/16 $1B *Avalon Holdings +5Y +385
  • 11/16 $1B *FFCB 2Y +4
  • 11/16 $650M *Athene Global Funding 10Y +165
  • 11/16 $500M *Kommunalbanken 2Y tap, +3
  • 11/16 $500M *Guardian Life 7Y +65
  • -
  • No new issuance Friday; $44.35B/wk
  • Quiet end to strong week with $44.35B priced over 3 sessions, headliners: $7B Bristol-Myers Squibb 6pt Monday; $12B Verizon 5pt Tuesday; $5.75B JP Morgan fix-FRN 3pt Thursday.
  • -
  • $10B Priced Thursday
  • 11/12 $5.75B *JP Morgan fix-FRN: $2.75B 6NC5 +65, $1.4B 11NC10 +90, $1.6B 21NC20 +87.5
  • 11/12 $1.5B *Societe Generale PNC10 5.375%
  • 11/12 $1.45B *Pacific Gas & Electric 1Y FRN 3M LIBOR +137.5
  • 11/12 $800M *Equitable Financial Life $500M 3Y +32, $300M 10Y +90
  • 11/12 $500M *Inner Mongolia Yili 5Y Reg S +125
  • -
  • $15.85B Priced Tuesday, $12B Verizon 5Pt Lion's
  • 11/10 $12B *Verizon 5pt: $2B 5Y +40, $2.25B +10Y +85, $3B 20Y +115, $2.75B 30Y +115, $2B 40Y +130 (issued $3.5B on March 17: $750M 7Y +215, $1.5B 10Y +225, $1.25B 30Y +250. Verizon still holds record for largest multi-tranche jumbo issuance w/ $49B back in August 2013)
  • 11/10 $1.25B *Standard Chartered 15.25NC10.25 +230
  • 11/10 $1.25B *Allianz PNC5.4 3.5%
  • 11/10 $700M *EUROFIMA 3Y Reg S +10
  • 11/10 $650M *L3Harris 10Y +85
  • -
  • $18.5B Total priced Monday, BMY 6Pt Jumbo Driver
  • 11/09 $7B *Bristol-Myers Squibb 6pt: $1.5B 3NC1 +30, $1B 5Y +35, $1B 7Y +45, $1.25B 10Y +55, $750M 20Y +65, $1.5B 30Y +85. BMY prior jumbo issue: total $19B, 9pt on May 7, 2019: $750M 1.5Y +20, $1B 2Y +35, $1.5B 3Y fix +45, $500M 3Y FRN L+38, $3.25B 5Y +73, $2.25B 7Y +90, $4B 10Y +105, $2B 20Y +30, $3.75B 30Y +145.
  • 11/09 $4.5B *Morgan Stanley $1.75B 3NC2 +37.5, $2.75B 11.25NC10.25 +85
  • 11/09 $2.5B *Westpac 15NC10 +175, 20Y +125
  • 11/09 $1.2B *Vereit $500M +7Y +165, $700M 12Y +200
  • 11/09 $1.1B *Republic Srvcs $350M 5Y +45, $750M 11Y +80
  • 11/09 $1B *Caterpillar 5Y +38, (adds to $2B issued on May 12 and Jan 9)
  • 11/09 $600M *Entergy LA $300M 10Y +70, $300M Tap 2.9% +95
  • 11/09 $600M *Consolidated Edison 40Y +128
  • -
  • No new issuance Friday
  • -
  • $2.5B Priced Thursday
  • 11/05 $2.5B *Waste Management $500M 55Y +45, $500M +7K +60, $1B +10Y +75, $500M 30Y +100
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com