Bond bankers have been surprised at how well debt capital markets activity has held up in the aftermath of the UK’s vote to leave the European Union – and are preparing for a shorter summer slowdown than usual.

The Bank of England's decision to hold rates, political clarity around a new UK government and strong payroll numbers in the US should all encourage activity, bankers say, leading to a decent window for new issuance that many think will keep them busy over the coming weeks.