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'Reverse Yankees' to dominate euro issuance in coming years - BofA

Published 06/23/2017, 06:04 AM
Updated 06/23/2017, 06:04 AM
© Reuters.  'Reverse Yankees' to dominate euro issuance in coming years - BofA
  • U.S. firms will dominate issuers of euro-denominated investment-grade credit by the end of 2018 based on current trends, BofA credit analysts say in a note today.
  • "We expect overall reverse Yankee supply for the year to hit our target of €90B, driven by i) U.S. corporates with an exposure to Europe, and ii) opportunistic issuers looking to remove some supply expectation pressure from their USD curves."
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  • Now read: If You Rather Listen Only To One Market - Better Stick With Credits


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