Canada mandate prompts record breaker fervour
The Government of Canada has launched its first dollar deal since September 2009. The five year global bond is expected to be priced in the Treasuries plus 10bp to 12bp area although some believe it could come as tight as Treasuries flat. T+10bp would equate to around mid-swaps less 17.5bp effectively blowing last week's World Bank's record T+20bp, mid-swaps less 15bp result out of the water.
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