The cheaper levels and improved market tone
this afternoon suggests the offering could see decent results.
The market tone
felt extremely constructive in the run up to the Japanese Golden Week holidays and I am delighted to see such a strong reception from investors for ADBs credit and mission, said ADB Treasurer Pierre Van Peteghem.
High-yield has remained resilient in the face of the recent reversal in market tone
as has been reflected by the steady pace of new issuance, even amid continuing outflows from retails funds, with three new deals pricing one day last week for $1.
The slight rise in the rates of the 182- and 364-day bills was consistent with the overall market tone
, said the BTr.
The data can often set the market tone
for a week or two, especially at a time when the US Federal Reserve is mulling when to start raising interest rates.
Randhir Singh, India head (financing) for Deutsche Bank, said that the market tone
is very constructive for Indian companies looking to tap overseas bond market.
The better labour market tone
was also captured by a survey yesterday showing an acceleration in manufacturing activity in theMid-Atlanticregion, accompanied by a rise in factory jobs.
His comments reflect the market tone
that there should be some sort of resolution to this in the coming days and it is not going to turn out to be a protracted affair," he said.
But the market tone
may not be set even after the elections, as it's not certain that Greece will secede from the eurozone right away, no matter which political party wins, and trading may remain directionless for a little longer," said Sato.
The fragility of investor sentiment is on display this morning as Thursday's upbeat market tone
has failed to extend to
The general weak housing market tone
was underscored by the median home price, which at $166,500 was 4.
The weaker market tone
is largely due to the expected arrival of additional output from a new Asian production facility during Q4 2010.