Banks look long as investors pile into senior
Banks stretched into longer dated tenors on Monday morning, as investors showed strong support for 10 year transactions from Deutsche Bank and Metropolitan Life and Abbey National Treasury Services’ five year.
The strong performance of the three deals was likely to encourage more banks opening books on deals later in the week, bankers said. Scandinavian banks were tipped as one group that might take advantage of levels that have little further to compress, while more peripheral borrowers were also
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