Outlook for the week
Key economic releases for the week
Last Week Summary
Market turmoil sweeping across equity and debt markets overnight puts a dent in the budding optimism surrounding economic recovery. US equity indexes tumbled as the S&P and Nasdaq fell 2.5% and 3.6% overnight. A lacklustre US treasury auction overnight also fuelled the sharp steepening of the yield curve, with 10yr yields surging as high as 23bps last night to 1.60%.
New issue pipeline remains muted with the heightened market volatility with 1 new mandate outstanding from the ones announced over the fortnight.