Issuers sail through tapering test with 2014’s first $ deals
The first public sector borrowers to bring new issues in dollars since the Federal Reserve announced it would begin tapering its quantitative easing programme in December were rewarded with strong demand and oversubscribed deals this week. The slew of trades could presage a rush of dollar trades while demand in the currency is strong and issuers seek to print before yields head northwards as the effects of tapering kick in.
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