Dollar rate rise suits floaters, but Libor’s end stifles issuance
BHARAT - Fotolia
A sharp sell-off in US Treasuries after the release of stronger than expected US economic data has changed the landscape for dollar issuance. Ten year benchmarks could be possible, although one product investors would normally welcome in a rising rate environment — floating rate notes — is unlikely to make a big comeback.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
