All eyes on EFSF after week in limbo for euro SSA supply

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All eyes on EFSF after week in limbo for euro SSA supply

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Clock face overlaid on to Euro bank notes. Concept: time is money. | Jane - stock.adobe.com

Market participants will be keeping a close eye on how a deal from the European Financial Stability Facility (EFSF) will proceed next week, as it could well re-open the euro supranational and agency bond market after issuers shied away from doing deals this week, amid volatile market conditions and an improved cross-currency basis swap for euro funders to issue in dollars.

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