Press Releases
NEW YORK, Nov. 14, 2013 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for October 2013. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests an uptick in volume of U.S. corporate and municipal bond issuance and international debt and equity issuance over the next 30-90 days.
CUSIP requests for new U.S. corporate equity and debt issues posted a 3% monthly increase in October, with 1,687 new CUSIP IDs requested over the course of the month. This was the first monthly increase in domestic CUSIP request volume since June of this year. On a year-over-year basis, domestic CUSIP volume is up 3.6%.
Municipal CUSIP requests also increased in October with 971 new ID requests for the month, up 17% from September. This was the first monthly increase in municipal CUSIP volume since July 2013. On a year-over-year basis, request volume for new municipal bond identifiers is down 19.6% through October.
Internationally, debt and equity CUSIP International Numbers (CINS) requests continued to trend positive this month. International equity CUSIP requests increased for the second straight month, hitting 323 in October. International debt CINS requests also increased by 24% in the month of October, bringing the asset class to one of the strongest advances of the year, with a 26% year-over-year increase.
"The protracted state of uncertainty on the underlying strength of the economy and the direction of central bank policy has had a clear impact on issuance trends," said Richard Peterson, Director, Global Markets Intelligence, S&P Capital IQ. "Now that we seem to be getting a clearer, more consistent picture out of Washington and continue to see improvement in Europe, new capital markets activity is beginning to surge."
To view a copy of the full CUSIP Issuance Trends report, please click here.
To view a video commentary of this month's CUSIP Issuance Trends with Richard Peterson, please click here.
Following is a breakdown of new CUSIP identifier requests by asset class year-to-date through October 2013:
|
Asset Class |
2013 ytd |
2012 ytd |
YOY Change |
|
International Debt1 |
1,848 |
1,465 |
26.1% |
|
International Equity2 |
2,607 |
2,179 |
19.6% |
|
CDs > 1 yr Maturity |
7,235 |
6,202 |
16.7% |
|
Long Term Notes |
556 |
493 |
12.8% |
|
Private Placement Notes3 |
2,517 |
2,399 |
4.9% |
|
U.S. & Canada Corporates4 |
18,170 |
17,544 |
3.6% |
|
Short Term Notes |
1,205 |
1,315 |
-8.4% |
|
CDs < 1 yr Maturity |
2,862 |
3,170 |
-9.7% |
|
Municipals |
11,258 |
13,999 |
-19.6% |
The CUSIP Global Services trends report is issued to the marketplace on a monthly basis. For more information, please visit www.cusip.com.
About CUSIP Global Services
For over 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs. CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by S&P Capital IQ. For more information, visit www.cusip.com.
About The American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees. Learn more at www.aba.com.
1 "International" Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. debt offerings
2 "International" Equity refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. equity offerings
3 Private Placement Note identifiers are assigned for non-public instruments purchased by insurance companies
4 "U.S. & Canada Corporates" totals reflect requests for both equity and debt identifiers
SOURCE CUSIP Global Services
