SSAs bask in baking July
Remarkably for late July, the public sector bond market is still open for business. But sovereign, supranational and agency borrowers will have to be quick if they want to get any more deals done before those investors that remain at the desks disappear for their August holidays. They will also have to choose their issuing formats carefully.
High grade bond markets could be about to end an unusually strong July with a rousing encore this week. Having whipped investor crowds into a frenzy over the month with a string of oversubscribed deals deals that have followed pricing with performance markets remain open.
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