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EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

EURUSD TECHS

Consolidating

EUROSTOXX50 TECHS

(M1) Approaching Key Support

BTP TECHS

(M1) Downtrend Extends

GILT TECHS

(M1) Key Support Zone Exposed

US$ Credit Supply Pipeline

Supra-Sovs Driving US$ Issuance, Domestics Sidelined Into Earnings. $57.64B Running total issuance for week; $131.69B/month.

  • Date $MM Issuer (Priced *, Launch #)
  • 01/15 $500M Nederlandse Waterschapsbank (NWB) 2Y +2
  • $9B Priced Thursday
  • 01/14 $3.25B *Oman $500M 2025 Tap 4.45%, $1.75B 10Y 6.25%, $1B 30Y 7.25%
  • 01/14 $2.5B *Pioneer Natural $750M 3NC1 +55, $750M 5Y +65, $1B 10Y +105
  • 01/14 $1.25B *Nationwide Building Society 3Y +37
  • 01/14 $1B *EIB 5Y FRN SOFR+20
  • 01/14 $500M *American Assets Trust 10Y +237.5
  • 01/14 $500M *Public Storage WNG 5Y +43
  • $17.6B Priced Wednesday
  • 01/13 $3.5B *Ontario 5Y +17
  • 01/13 $3.25B *Royal Bank of Canada $1B 3Y +22, $700M 3Y FRN SOFR+30, $1.25B 5Y +42, $300M 5Y FRN SOFR+52.5
  • 01/13 $2.5B *SK Hynix $500M 3Y +85, $1B 5Y +105, $1B 10Y +140
  • 01/13 $2.5B *Dominican Republic $1B tap 10Y 3.875%, $1.5B 20Y 5.3%
  • 01/13 $1.6B *Nippon Life 30NC10 2.75%
  • 01/13 $1.5B *Japan Bank Int Cooperation (JBIC) 10y +25
  • 01/13 $1.5B *Avalon Holdings $750M each 5Y +190, 7Y +215
  • 01/13 $1.25B *Nordic Inv Bank 5Y +3
  • $19.44B Priced Tuesday
  • 01/12 $5B *KFW 5Y +3
  • 01/12 $5B *CADES 10Y +23
  • 01/12 $3B *BPCE $1.75B 5Y +60, $1.25B 11NC10 +115
  • 01/12 $2.09B *Rep of Colombia $790M 10Y tap 2.8%, $1.3B 40Y +210
  • 01/12 $1.5B *MuniFin 5Y +8
  • 01/12 $1.5B *Zurich Insurance Co 30.25NC10.25 3.0%a
  • 01/12 $750M *Aviation Capital 5Y +165
  • 01/12 $600M *Pacific Life 7Y +62
  • $11.6B Priced Monday
  • 01/11 $3B *T-Mobile $1B each: 5NC2 2.25%, 8NC3 2.625%, 10NC5 2.87%
  • 01/11 $1.75B *American Honda $900M 3.5Y +35, #300M 3.5Y FRN L+35, $550M10Y +70
  • 01/11 $1.5B *Korean Development Bank $700M 3Y5M +25, $500M 5.5Y +35, $300M 10Y +52
  • 01/11 $1.5B *Simon Property $800M 7Y +95, $700M 10Y +110
  • 01/11 $1.25B *Deutsche Bank 11NC10 +260
  • 01/11 $950M #Ag-Bank China $650M 3Y +68, $300M 5Y +80
  • 01/11 $900M *NY Life Global 5Y +37
  • 01/11 $800M *Berry Global 3Y +77
  • 01/08 No new issuance Friday; $74.05B/wk
  • $7.25B Priced Thursday
  • 01/07 $3.5B *World Bank (IRBD) $2.35B 2Y FRN SOFR+13, $1.15B 2027 Tap SOFR+34
  • 01/07 $3B *Standard Chartered $1.5B 4NC3 +89, $1.5B 6NC5 +100
  • 01/07 $750M *Northwestern Mutual Global Funding 5Y +38
  • $12.9B Priced Wednesday; $66.8B/wk
  • 01/06 $4B *ADB 10Y +15
  • 01/06 $3B *Toyota Motor Cr $1B 3Y +25, $750M 3Y FRN SOFR+33, $700M 5Y +40, $550M 10Y +62.5
  • 01/06 $2.25B *BNP Paribas 6NC5 +90
  • 01/06 $2B *Kommunalbanken 5Y +9
  • 01/06 $1B *AerCap Ireland 5Y +155
  • 01/06 $650M *Ares Capital +5Y +180
  • $26.4B Priced Tuesday; $53.9B/wk
  • 01/05 $5B *European Inv Bank (EIB) 5Y +5
  • 01/05 $3B *Indonesia $1.25B +10Y 1.9%, $1.25B +30Y 3.1%, $500M +50Y 3.4%
  • 01/05 $3B *Sinopec $1.15B 5Y +110, $1.2B 10Y +140, $650M 30Y +138
  • 01/05 $2.7B *Hyundai $1.25B 3Y +67, $850M 5Y +95, $650M 7Y +115
  • 01/05 $2.5B *General Motors $1.5B 5Y +92, $1B 10Y +140
  • 01/05 $1.5B *Credit Agricole 20Y +110
  • 01/05 $1.5B *Cooperative Rabobank $750M 3Y +23, $750M 3Y FRN SOFR+30
  • 01/05 $1.25B *National Australia Bank 20Y +95
  • 01/05 $1.25B *Macquarie Grp 6NC5 fix/FRN +97
  • 01/05 $1.25B *Standard Chartered perp NC10 4.75%
  • 01/05 $900M *So-Cal Edison $150M 2030 tap +85, $750M 30Y +127
  • 01/05 $750M *Protective Life Global Funding $500M 3Y +30, $250M 10Y +80
  • 01/05 $750M *Berkshire Hathaway WNG 30Y +85
  • 01/05 $550M *Principle Life Global Funding 5Y +55
  • 01/05 $500M *Kroger Co 10Y +77
  • $27.5B Priced Monday
  • 01/04 $10B *Broadcom $750M 7Y +135, $2.75B 10Y +155, $1.75B 12Y +170, $3B 20Y +185, $1.75B 30Y +210 (May 5 '20, AVGO issued $8B: $1B 3Y +200, $2.25B 5Y +280, $2.75B 10Y +350, $2B 12Y +365)
  • 01/04 $3B *Mexico 50Y 3.75%
  • 01/04 $3B *TD Sec $1.15B 2Y +18, $600M 2Y FRN SOFR+24, $1.25B 5Y +43
  • 01/04 $3B *Home Depot $500M 7Y +35, $1.25B 10Y +52, $1.25B 30Y +77 (Mar 26 '20, HD issued $5B: $750M 7Y+190, $1.5B 10Y+195, $1.25B 20Y+195, $1.5B 30Y+200)
  • 01/04 $2.5B *SMFG $500M 3Y +35, $1B 5Y +60, $500M 10Y +80, $500M 20Y +85
  • 01/04 $2B *MetLife $625M 3Y +25, $625M 3Y FRN SOFR+32, $750M 10Y +68
  • 01/04 $1.5B *John Deere 5Y +37, 10Y +57
  • 01/04 $1.5B *Athene Global Funding $750M 3Y +80, $250M 3Y FRN L+73, $500M 5Y +110a
  • 01/04 $1B *Exp/Imp Bank of India 10Y +145
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com