SSAs brace for repricing in January amid end of PSPP

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SSAs brace for repricing in January amid end of PSPP

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Public sector borrowers are gearing themselves for wider spreads and bigger new issue premiums in the euro market in 2019 following the expected end of the European Central Bank’s public sector purchase programme. The bigger and more liquid names will determine the environment for the rest of the market, according to SSA bankers.

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