Cyprus guessing game makes dollars appealing
Senior unsecured proved its resilience to shock again this week, with the euro market steadying on Thursday as Cyprus’s bail-out negotiations dragged on. But the unpredictability of the situation has kept the primary market quiet, with FIG bankers telling EuroWeek that dollars are becoming a more attractive option.
The unpredictability of the situation has kept buyers sitting on their hands as they try to distinguish what is rumour, what is proposal and what is fact from the information flowing out of Nicosia.
"The key thing is you cant trust any information that hits the screen at the
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