SSAs stand firm amid US agency bailout
The US Treasury’s rescue plan for Fannie Mae and Freddie Mac was aimed at restoring confidence in the mortgage market at the epicenter of the global credit crunch and it might have been expected to calm other markets both suffering and benefiting from the turmoil. For one borrower sector, the sovereigns, supranationals and agencies, that hasn’t happened yet and it’s very much business as usual.
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