Dollar pipe builds after L-Bank’s trailblazing Reg S Sofr floater

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Dollar pipe builds after L-Bank’s trailblazing Reg S Sofr floater

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Dollar SSA issuance is expected to pick up next week, thanks to a change in the euro/dollar basis swap that is making issuance in the currency more attractive for euro funders. There was still a smattering of dollar trades this week, including a Sofr-linked floater that broke new ground for the format.

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