The Mumble: The prefunding conundrum

The US government has set the next series of political wrangling over its budget and debt ceiling for January and February — coinciding with the busiest time in the SSA calendar. While it’s a no-brainer for issuers to attempt to get some dollar funding done ahead of January, those with big euro needs should have a serious think about getting some prefunding done too. Another government shutdown could play havoc with more than just the dollar market.