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.”
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