US Investment Grade_ US exporting supply
2025-02-25 02:06
FICC Research Credit Strategy 21 February 2025 US Investment Grade US exporting supply The pickup in reverse Yankee issuance year-to-date stands out versus slightly underwhelming $-IG supply volumes. With little difference on a hedged basis, the outright yield differential is likely the driver. We screen for US issuers with upcoming € maturities that may come to the market next. A number of reverse Yankee deals in the past few weeks have put the spotlight on cross-border issuance in €-IG. At a high level, € ...