What to Watch in European Credit Markets This Week
- Primary market wobbles may be on hold as market takes a break
- Earnings coming into focus while Italy seems never far away
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Good morning. Here’s what we will be watching this week:
The primary market for investment-grade bonds is under scrutiny after three pulled deals last week. There won’t be a big rush of deals amid company earnings and school holidays in the U.K and investors expect less than 20 billion euros ($23 billion) of high-grade issuance this week, according to a Bloomberg survey. The bulk of deal flow may be drive-by sales from better-known names.