Supras bank dollars with flurry of MTNs
The MTN market has produced a slew of dollar trades while the syndicated market was subdued by the midweek Federal Reserve meeting. Supranationals in particular have been able to pick up some sizeable dollar funding.
This week’s overall MTN flow has been defined by its diversity. There are few thematic elements linking the trades, which have come from issuers across asset classes and regions and have hit all areas of the curve.
One head of MTNs said: “There are nice trades going through
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