Insurers fill the dollar void in FIG
The FIG dollar market was subdued this week, with self-funders remaining on the sidelines as the Federal Reserve hinted at higher rates and announced the reversal of its quantitative easing plan.
“We’d expected self-funders to come, this is a good market for opportunistic borrowers,” said one FIG syndicate source in New York.
The previous week Citi
and Bank of America had both surprised with hefty trades but bankers expect issuance to be subdued in the run-up to
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