Dollar ‘deluge’ ahead for SSAs

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Dollar ‘deluge’ ahead for SSAs

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Money Food | yadali - stock.adobe.com

There could be a “deluge” of dollar trades from public sector borrowers next week, said a head of SSA DCM, who has a list of “around 10” names mulling deals in the currency. The rush is down to some borrowers having held back trades over the last few weeks amid SSA spread widening and a desire to come before the US Thanksgiving holiday, he added.

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