Dollars hot to trot for SSAs as yield fears ease
Conditions are ripe for sovereign, supranational and agency deals in dollars as lower than expected US non-farm payroll numbers on Tuesday reassured investors that yield rises will not come before the end of the year — encouraging them to put cash to work where they can.
The European Investment Bank and KfW were set to price the first SSA benchmarks in the currency for a fortnight on Wednesday.
Other issuer's are set to follow: Network Rail announced a three year mandate on Wednesday morning while Austria’s Oesterreichische Kontrollbank is also rumoured to be looking at
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