Spain leads rampant SSA new issue market
Sovereigns, supranationals and agencies were enjoying conditions in which it is “almost impossible to do a bad deal” this week. An investor grab for yield meant periphery issues and long dated prints from core borrowers flew out of the door, and allowed Spain to pull together a staggering order book for its 10 year bond on Wednesday morning.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts