March 28, 2024 13:34 GMT
YTD €IG Supply By Month & Tenor
CREDIT SUPPLY
- Long-dated supply has slowed over the year-to-date with +10yr supply dominating the issuance calendar in January. While the gap closed in February, long-dated supply maintained its lead versus other segments before slowing further in March, being overtaken by supply in both the 5-7yr and 7-10yr segments.
- The premium paid to issue beyond the 10yr maturity has also widened since January with the average additional spread offered compared to 7-10yr supply expanding from 3bps in Jan to 26bps in Feb to 36bps in March.
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