CUSIP Requests Increase 21.0% YoY for June 14 July 2023US Reporter: Jamie Richards
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CUSIP Global Services (CGS) has reported a 21.0 per cent increase in North American corporate requests year-on-year to 6,795 for June.
This bump also represents a 4.2 per cent month-on-month increase for June.
This increase has been driven by a 7.7 per cent MoM rise in requests for longer-term CDs with maturities of one year or longer to 865.
Year-to-date, North American corporate requests total 38,934, a 21.0 per cent increase on the same point last year.
North American municipal requests increased 26.7 per cent MoM to 1,296.
Year-to-date, North American municipal requests total 5,569, which is 15.4 per cent lower than the equivalent figure in 2022.
International CUSIP requests fell by 8.2 per cent MoM to 348 for June, a more gradual decline than the overall 26.2 per cent YoY decline for YTD totals.
In June, requests for international equity CUSIPs rose 2.6 per cent MoM to 119, offset by an 11.6 per cent MoM decrease in international debt CUSIPs to 228.
The firm’s monthly reports track issuances and requests for new securities identifiers and acts as an early indicator of debt and capital markets activity for the upcoming quarter.
Gerard Faulkner, Director of Operations for CGS, says: “While there is some seasonality reflected in this month’s municipal bond dataset pegged to the annual peak in municipal note issuance, we continue to see overall strong volume in CUSIP request volumes across major U.S. asset classes.
“The continued growth in CD request volume is also notable, given that our year-over-year comparisons are still topping the historic highs we were seeing at this time last year.”
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