CREDIT DAYBOOK AMERICAS: Risk Assets Weaker Ahead of Busy Week

Broad weak sentiment across risk assets on Monday may slightly dampen the start of what dealers expected to be a busy week of US bond sales, with stock futures and the dollar lower while oil slumped on the latest OPEC supply increase.

• Measures of perceived risk in the investment-grade and high-yield markets moderately weakened in the opening minutes of trading, after both finished Friday at their best levels in a month
• Wall Street syndicate desks had forecasted around $40 billion of high-grade issuance this week, likely front-loaded ahead of Wednesday’s Federal Reserve policy statement
• In addition to watching oil companies’ ...