As millions of Americans were dealt a dose of tryptophan on Thanksgiving day last week, the new issuance market had a sleepy performance as only three deals (1 IPO and 2 BLKS) accumulated $519.8M in aggregate proceeds.
As the excitement has shifted from Halloween week toward the upcoming holiday season, the new issuance market had an active week welcoming 15 deals (8 IPOs, 4 FOs, 1 BLK, and 2 CVTs) for aggregate proceeds of $3.9B.
In U.S. economic news, the second estimate of GDP in the third quarter was a growth of 3.3%, up from the prior-quarter’s figure of 3.0% and just above consensus estimates of 3.2%. Germany’s unemployment declined to 18,000 in November from October as the jobless rate held steady at 50.6%. Manufacturing growth in India expanded as PMI was released as 52.6 in November, gaining from the 50.3 reported in October.