Europe’s Reverse Yankee Credit Boost

Economic and Financial Analysis • May 24, 2025 at 6:08 AM EDT

We're seeing a record number of so-called Reverse Yankee deals, where American corporations borrow in euros rather than dollars.

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ING's Credit Analyst, Timothy Rahill on why we're seeing a record number of so-called Reverse Yankee deals, where American corporations borrow in euros rather than dollars.

And we've written much more on this here.

Video Length: 00:01:33

Europe’s Reverse Yankee credit boost

Reverse Yankee issuance has increased massively in the past few weeks. That's when US credit issuers come to the European market to issue a Eurobond. And we're forecasting $85bn of Reverse Yankee issuance this year, the second highest on record. ING's Credit Analyst, Tim Rahill, explains just what's going on and explains why credit markets seem to be taking all this in their stride.

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