Investors feel the need for Swede
The Kingdom of Sweden’s three year dollar bond, launched Thursday morning, was a riot according to market participants. The book for the trade swelled to over $3bn in a couple of hours and it was able to price at a meagre 11.95bp over US Treasuries — a signal if ever there was one that investors are keen to get any incremental spread they can for top quality issuers in the prevailing flight to quality.
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