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The article focuses on the overseas development of Japanese banks after financial crisis in Japan. Topics discussed include policy of quantitative easing for banks, expansion of overseas lending than domestic lending, equity investment by the U.S. government to reduce financial crisis of Citigroup bank, and use of swap markets for foreign currency lending.

The article reports that the decision to start quantitative easing by the European Central Bank has made European borrowers to shift from the Asian currency markets. Topics discussed include less diversification of assets, sale of offshore renminbi Basel III bonds by European banks, providing arbitrage for U.S. dollar funding, and offshore renminbi liquidity by European banks.

The Bank of England added £150bn to its quantitative easing programme at its monetary policy meeting on Thursday. The move will go a long way to soaking up the additional supply of Gilts. [ABSTRACT FROM AUTHOR]

Amid criticism of the effect of quantitative easing (QE) on asset prices, the Bank of England could buy themed government bonds instead of regular Gilts in the next downturn, according to Samuel Tombs, chief UK economist at Pantheon Macroeconomics. This would be designed to ensure that QE directly helped the economy. [ABSTRACT FROM AUTHOR]

Public sector borrowers are confident going into the euro bond market next year, with reinvestments from maturing bonds held by the European Central Bank likely to cap any spread widening from the end of quantitative easing.But political threats — from populists polling well ahead of European Parliament elections in May, Brexit probably in March and the Italian government's stand-off with the European Commission over its budget plans — are likely to bring volatility, meaning timing will perhaps be more important than in 2018.GlobalCapital brought together European SSAs, investors and investment bankers to discuss what 2019 holds for the euro market — as well as the SRI sector and new technology. [ABSTRACT FROM AUTHOR]

It has only been four years, but the European bond markets have become attached to the kindly hand of Mother ECB. Quantitative easing has been like an electric motor on the market's bicycle — in 2019, it will have to go back to doing all the pedalling itself. Can the market do it without falling off, when the road ahead is so bumpy? [ABSTRACT FROM AUTHOR]

The US Federal Reserve has been raising rates for nearly three years now and was tapering its quantitative easing for two years before that. Meanwhile the European Central Bank was still cutting its rates and only in 2018 did it start tapering its quantitative easing. However, the change in the ECB's policy may mean we see growth converging rather than diverging and it is something investors are already considering. [ABSTRACT FROM AUTHOR]

The European Stability Mechanism is likely to aim for the six to eight year part of the euro curve when it brings its first deal of the fourth quarter next week, said SSA bankers. The trade will likely face a more cautious investor base than the borrower enjoyed earlier in the year, they added. [ABSTRACT FROM AUTHOR]

The days of blowout deals and super tight pricing look to be over in the euro SSA market as quantitative easing nears its end. That means banks will really have to start earning their bookrunner fees. [ABSTRACT FROM AUTHOR]

Quantitative easing, perhaps the single most important factor affecting bond prices over the past three years, could be coming to a long awaited end this year. Members of the European Central Bank governing council seemed to hint as much this week, causing govvie spreads to gap wider, writes Lewis McLellan. [ABSTRACT FROM AUTHOR]

Opinion is shifting as to whether the European Central Bank will end quantitative easing this year, with poorer economic data perhaps forcing the rate setter’s hand into extending the programme. [ABSTRACT FROM AUTHOR]

The European bond market this week finally showed its first acknowledgement that the end of European Central Bank (ECB) quantitative easing (QE) is nigh. Opinions are still split as to whether the bond buying will end in September or be extended to December, but new issue pricing has stepped wider regardless, write Nigel Owen and Bill Thornhill. [ABSTRACT FROM AUTHOR]

The article reports on the decision of the European Central Bank (ECB) to remove a line from its forward guidance in March 2018, bringing the euro market closer to a market free of quantitative easing (QE).

Corporate bond market participants show little sign of caring about the end of European quantitative easing and the danger that presents to their market -- which has arguably been the sector most affected by the policy. Nigel Owen reports. [ABSTRACT FROM AUTHOR]

The SSA market is off to a typically fast start, with four deals in the market and more expected. However, a newly aggressive tone from members of the European Central Bank governing council could rock the boat. [ABSTRACT FROM AUTHOR]

Public sector euro borrowers have made a mixed start to 2018. Ireland was able to pull off a spectacular €4bn 10 year, but BNG fell short with its own effort in the same tenor. A lack of certainty surrounding the future of quantitative easing caused volatility in the bond curve, which led borrowers a merry dance, writes Lewis McLellan. [ABSTRACT FROM AUTHOR]

Thanks to quantitative easing, sovereign bond markets have been impervious to political volatility in recent years, getting through 2017's shocks and surprises in serene style. But that could all be about to change as the European Central Bank starts to wind down its vast bond buying programme. Craig McGlashan reports. [ABSTRACT FROM AUTHOR]

It was tempting to say in 2017 that capital markets had never had it so good. Everywhere you looked there was confidence, vigour and activity. However bad the news, markets shrugged it off. But nothing stands still, and 2018 will bring plenty of surprises and upsets. Toby Fildes and Jon Hay highlight six things that will change capital markets in 2018. [ABSTRACT FROM AUTHOR]

The era of quantitative easing is ending. The benefits for the real economy will be hotly debated. But for the capital markets the key question will be how investors react to the withdrawal of official money printing and the inevitable rise in volatility, writes Ralph Sinclair. [ABSTRACT FROM AUTHOR]

After a superlative funding year for eurozone public sector borrowers, thanks partly to the European Central Bank's asset purchase programme, some of the region's top issuers and investors discussed with GlobalCapital the outlook for 2018 -- when the ECB will start halving its monthly purchases to €30bn. [ABSTRACT FROM AUTHOR]

Supranational and agency borrowers enjoyed enviable conditions in the bond market last year, with European Central Bank quantitative easing creating long end funding opportunities and a deep dollar market providing some big deals in the short end. But central bank actions could mean the environment is even better in 2018, writes Craig McGlashan. [ABSTRACT FROM AUTHOR]

While US Fed rate rises and the ECB's tapering of its QE programme could knock some of the froth off the top of exuberant EM debt markets next year, there will still be plenty of opportunities for debut and frontier issuers to raise cash in innovative ways. Virginia Furness reports. [ABSTRACT FROM AUTHOR]

As Europe's economy regains its long lost momentum, private equity firms are at last expected to start putting more of their unprecedented mountain of dry powder to use in 2018. Signs are already there of PE firms making bigger bangs with leveraged buy-outs, and if that continues, levfin investors will cheer the flow of new debt that results. Victor Jimenez reports. [ABSTRACT FROM AUTHOR]

The European Central Bank's decision last week to keep buying bonds through to September 2018 -- albeit at a depleted rate from January -- should put a ceiling over Spanish government bond yields, even if the Catalan independence saga rolls on, said an investor. But the ECB is walking a "tightrope" by pushing back monetary policy normalisation to 2019 at the earliest, he added. [ABSTRACT FROM AUTHOR]

The minutes of the European Central Bank's meeting of September 6-7 reaffirmed the central bank's intentions to gradually scale back its quantitative easing programme in 2017, but offered little in the way of new information. [ABSTRACT FROM AUTHOR]

The FIG dollar market was subdued this week, with self-funders remaining on the sidelines as the Federal Reserve hinted at higher rates and announced the reversal of its quantitative easing plan. [ABSTRACT FROM AUTHOR]

Investors bought into attractive yields from triple-B rated issuers that jumped into the US corporate bond market ahead of the Fed's well flagged announcement that it would reverse quantitative easing. [ABSTRACT FROM AUTHOR]

If the market commentariat thinks that the buy side should be worried by upcoming European Central Bank tapering, then someone has yet to tell investors. [ABSTRACT FROM AUTHOR]

Oesterreichische Kontrollbank has made a triumphant return to euros on Tuesday as it printed in the currency following a more than eight year absence. Elsewhere, Nederlandse Waterschapsbank sold a small long dated euro tap -- a tactic SSA bankers expect to see more of. [ABSTRACT FROM AUTHOR]

If BoE is to continue monetary stimulation beyond next year, it ought to look outside 'ordinary' QE, to what is popularly known as "helicopter money". [ABSTRACT FROM AUTHOR]

Axel Weber, chairman of UBS, warned ahead of the European Central Bank (ECB) meeting on Thursday that "unknown unknowns" lie in wait for markets once the course of unwinding quantitative easing begins. [ABSTRACT FROM AUTHOR]

Three public sector issuers brought euro deals this week, looking to get the long dated trades in, which the euro market has been the best place for, before a European Central Bank (ECB) meeting on September 7 where the central bank could hint at tapering quantitative easing. Some SSA bankers feel other borrowers should follow suit but are resisting, although that view is far from universal. [ABSTRACT FROM AUTHOR]

The article reports that European Central Bank president Mario Draghi has taken extraordinary measures to stabilise the eurozone. There was speculation this week that Draghi would finally change his stance and signal a tightening in policy. Many expected the tapering of quantitative easing (QE), in particular, to be signalled in the ECB's policy statement.

Public sector bankers have backed claims by Greece's finance minister that the country could return to the capital markets this year "with or without QE". The fact that another periphery sovereign, Spain, was able to print a stellar trade on Tuesday despite comments by European Central Bank president Mario Draghi sending markets in a tizzy about the possible end of QE further bolstered the statement, bankers added. Craig McGlashan reports. [ABSTRACT FROM AUTHOR]

The article reports on decrease in the purchase of Quantitative easing (QE) by the European Central Bank and mentions that it has not any effect on the covered bond market. Topics discussed include increase in the liquidity shortage in the covered bond segment and mentions the pricing structure of government bonds.

The article offers information on a report released by the Bank for International Settlements (BIS) according to which Eurozone quantitative easing has increased bond prices in the inter-dealer market and it may also hit liquidity. It also informs that quantitative easing asset purchases depend on market conditions.

Back in the early days of quantitative easing, one of the biggest fears on the Street was the inevitable unwind. But now the US Federal Reserve has broached the topic, perhaps it is better, as former deputy governor of the Bank of England Minouche Shafik seemed to suggest in September, that it is here to stay. [ABSTRACT FROM AUTHOR]

In spite of the spread between OATs and Bunds reaching a four year high, two French public sector issuers chose to come to market this week, hoping the market would be stable. It's no longer enough for issuers to sit on their hands waiting for calm -- it's about braving possible volatility and funding when you can. [ABSTRACT FROM AUTHOR]

CEEMEA borrowers had their busiest year since 2013 this year, issuing $157bn of international bonds which is just shy of double 2015's volumes. Low yields thanks to central bank quantitative easing, low global rates and improving growth stories in EM contributed to a relentless bid for EM assets which aided the execution of deals from across the credit spectrum and right down the yield curve. A great year for EM is giving way to an uncertain one in 2017 however. [ABSTRACT FROM AUTHOR]

The author discusses the potential impact of the European Central Bank's (ECB) decision to extend its quantitative easing (QE) program to December 2017 and cutting monthly purchases to Euros 60 billion. It is suggested that the ECB announcement caused yields to fluctuate. The impact on corporate and covered bond markets and a proposal for the European Stability Mechanism (ESM) to use matched funding for disbursements to Greece are also discussed.

The article discusses the response of Europe's corporate bond market to the European Central Bank's (ECB's) announcement of a cut in its asset purchase programme to Euros 60 billion and a nine-month extension of the same. According to the article, corporate bond market participants had a mixed reaction to the policy announcement and its long-term impact. Analysts' comments on the issue are also included.

The article reports that the Supranational/Sovereign/Agency and Provincial (SSA) market remained steady in early-December 2016 ahead of a scheduled meeting of the European Central Bank (ECB) governing council. According to the article, some analysts believe the ECB is likely to extend the closing of quantitative easing (QE) to September 2017. The article also mentions that secondary markets remained calm despite ongoing political uncertainty in Italy.

The article discusses the resignation of Italy's Prime Minister Matteo Renzi following defeat in a constitutional referendum and what that implies to the European Central Bank's (ECB's) decision for extension to quantitative easing. It states that with the Italian political scene unclear and uncertainties over the growth of the banking sector, ECB may be forced to protect the government's bond yields.

The central banks responsible for setting rates for the world's four core currencies have not been so far apart in their policies since the financial crisis of 2008. The US Federal Reserve is in a rate rising cycle -- albeit a very slow one -- the Bank of England is embarking on another round of quantitative easing, the European Central Bank has added corporate bonds to its purchasing programme and the Bank of Japan is attempting to control not just short-term interest rates but long-term ones too. [ABSTRACT FROM AUTHOR]

This article presents information on a yield curve control introduced by the Bank of Japan (BOJ) to its quantitative easing program and its impact on Sovereigns, Supranationals and Agencies dollar deals. It discusses the U.S. Federal Reserve's federal funds rate policy, and the control of short term and long term interest rates by the BOJ.

The article discusses liquidity issues confronted by the Bank of England in its quantitative easing (QE) programme as of early September 2016. Also cited are the bank's targeted amount of investment grade corporate bonds, the weighted average Markit liquidity score of the bonds at the Markit iBoxx &#163 Corporates, and the cost needed to trade in and out of sterling corporate bonds.

The article discusses trends in the issuance of corporate bonds in Europe following Great Britain's decision to leave the European Union (EU) (Brexit). Topics discussed include borrowers' issuance of 8.4 billion equivalent in sterling, dollars and euros after the Brexit referendum, reasons why investors buy corporate bonds, and expectations that the European Central Bank (ECB) will extend quantitative easing and reduce its deposit rate.

The article discusses the rising demand for investment grade corporate bonds. Topics discussed include the reputation of corporate bonds as safe haven assets, bond issuance by Dutch high technology machinery manufacturer ASML Holding NV and French oil and gas company Total SA, and the expectation that the Bank of England and European Central Bank (ECB) will renew their quantitative easing programs.

The sterling bond market gave a defiant reminder of its capacity for corporate paper this week, blowing away the memories of a so far underwhelming year that has been dominated by Brexit fears and undersupply. Ross Lancaster reports. [ABSTRACT FROM AUTHOR]

A flotilla of IPOs reached harbour safely this week, through waters calmed by the European Central Bank's quantitative easing medicine, and whatever other magical ingredient has made financial professionals feel so much better since Easter. But one debutant tripped up and another IPO was pulled. [ABSTRACT FROM AUTHOR]