Goldies blazes the TLGP trail
After four weeks of wrangling, Goldman Sachs issued the inaugural bonds under the US bank guarantee scheme, the temporary liquidity guarantee programme, this week. It sold a $5bn three year to a rip-roaring reception — a vote of confidence in the modified scheme after its initial terms received so much criticism. JPMorgan, Morgan Stanley and now Citigroup are now lining up to get involved with this new dollar asset class.
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