KfW breaks records with tightest two year
KfW sold a €2bn two year deal at the tightest print to mid-swaps in recent memory on Tuesday afternoon. The deal offers a spread of mid-swaps minus 60bp which gives a parsimonious pick-up to Schatz of 23.2bp. Meanwhile, the European Investment Bank attracted knock-out demand for a five year dollar global trade, which was set to price as SSA Markets went to press.
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