US FIG deluge follows Bernanke and blackout
Wall Street’s titans clamoured to access the dollar market this week after posting better-than-expected earnings, as markets responded positively to Fed chairman Ben Bernanke’s semi-annual statement.
Bank of America Merrill Lynch and Citigroup took home a combined $4.5bn on Thursday after the lead set on Tuesday by Goldman Sachs, which printed a $2.5bn five year trade.
The FIG revival came from across the spectrum, with Yankee supply coming from National Bank of Australia and Canadian
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