EFSF tipped for long end, Auckland lines up in euros
The European Financial Stability Facility should aim for a bond in the 10 to 12 year part of the curve if it wants to complete its funding for the year next week, according to an SSA syndicate official. Other upcoming euro supply includes Auckland Council.
A head of SSA DCM also said he was aware of “a few opportunistic, arbitrage type trades” in the currency.
EFSF on Tuesday sent out a request for proposals for its deal window next week and has €2.8bn left to fund this year. Including next week’s window, it
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