Investors desperate for supply after summer squeeze in FIG
A lack of supply in the summer months has helped to extend an already impressive rally in the bank bond market, leaving cash-rich investors hungry for a wave of new supply.
No bank has issued an unsecured public benchmark trade in euros since July 18, when Nationwide Building Society raised €1bn of 12 year non-call seven tier two bonds.
“I get the feeling we could be in snooze mode for another 10 days,” said one credit investor. “But there’ll
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