The Mumble: Could the EIB have the right idea?
The biggest supranational and agency issuers have had a tough choice to face this year: front-load like crazy because 2010-2012 has taught us that the markets can get horrendously volatile at any time, or, mindful of the costs of holding cash on balance sheet, slow down their funding schedules to a more stately pace. By the end of September some will be sitting smugly and some left with red faces.
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