The Mumble: Is 20 the new 30?

March 02, 2012 12:00 AM

There has been much anticipation that the 20 year maturity is about to become the long-dated benchmark point of choice, usurping 30 years. Next week will see the second SSA deal done in this maturity after the EU’s pioneering exploits on Monday. Two swallows don’t make a summer but with many SSA borrowers harbouring long-dated deal ambitions, we’ll be a lot closer to knowing once that deal is out of the way.

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