Buoyant start for SSAs at the short end
Brisk trading in commercial paper and improved market confidence resulted in peripheral sovereign, supranational and agency issuers posting tighter levels this week, helping to calm the euro-dollar basis swap. Dealers reported that investor sentiment had become more upbeat.
"Investors seem to have reset the clock and are willing to start again," said a CP dealer in London. "Market participants are back and being more logical."
Some peripheral issuers have tightened their levels thanks to positive market sentiment, said CP dealers. US accounts have bought Instituto de
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