In Europe’s Bond Market, Fridays Are for Preparing, Not Selling

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Europe’s booming debt sales are being squeezed into a four-day week.

For the 11th consecutive week, there were no bond offerings on Friday in Europe, the longest run on record, according to data compiled by Bloomberg going back to 2014. Fridays have made up more than half of the 31 days this year in which there have been no sales.

“All the supply has been done earlier in the week, the last few weeks, and Fridays are not needed,” said Marco Baldini, global head of investment-grade syndicate at Barclays Plc. “People would prefer to leave deals over for Monday to avoid fatigue given the size of supply. Recent Fridays are for getting deals ready for Monday.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines