Dollar floaters fly on back of steady investor demand
A burst of dollar floaters appeared this week as a few large accounts kept up a steady stream of enquiry for these trades. But dealers could only speculate about the reasons for the strong demand.
"It is all from two or three big accounts that want dollar FRNs but Im not sure if that demand stems from a particular view on interest rates or is just a convenient place to park cash this time of year," said an MTN dealer in London.
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