The Spanish Electricity Deficit Amortisation Fund (FADE) has issued a five-year bond with a negative yield of -0.1%.
The Swiss firm's senior investment advisor Frédéric Rollin foresees market disappointment ahead of the European Central Bank's meeting scheduled on 12 September.
Rejection or withdrawal of Refinitiv's purchase is a condition to HKEX's proposal.
The Deutsche Börse subsidiary has dreamed for several years of bringing to Frankfurt those euro interest-rate derivatives clearing operations handled by LCH, its rival clearinghouse.
The fund family is a good indicator of whether a fund will use derivatives, Esma argues.
Total costs increased for all asset classes over the six first months of 2019 according to the European securities and markets authority.
Last week’s three issues – Edenred, Veolia and GBL – were all at negative yields. This looks like a real trend.
German officials believe this is justified to safeguard bank profitability.
Lower interest rates and issuance premiums allow peripherals to finance more quickly.