Rare Swedish gem stages spectacular tightening
The hunger for high quality SSA paper away from the eurozone has driven a monstrous rally in Monday’s yesterday’s €1.5bn three year trade from the Kingdom of Sweden. The deal, which was priced at 28bp over the OBL 156, which equated to a record 54bp through mid-swaps, has already tightened by 20bp over the German benchmark.
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