SSAs embark on euro trip as spreads block dollar road

August 29, 2012 12:00 am

The European Financial Stability Facility (EFSF) became the latest SSA issuer to trawl the euro markets for cash on Wednesday, launching a 10 year bond — the third SSA mandate of the week in euros. But the dollar market is quieter as anticipation of supply keeps spreads too tight to issue.

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