Corporate bonds bankers have become victims of their own success after a recent crop of tightly priced deals led investors to shun the market in protest at low yields.

Despite this, last week was still the busiest for euro-denominated corporate bonds so far this year, with non-financial transactions totalling just under €9bn. But last Tuesday the pace of issuance slowed: three transactions totalling €1.25bn were priced in the final three days of the week.