F+F bailout briefly boosts FIG
Issuers pounced on the surge in confidence, however transitory, prompted by the US Treasury bailout of Fannie Mae and Freddie Mac, capitalising with a string of new issues in both the senior and subordinated markets. RBS and Bank of Nova Scotia were among the early borrowers taking advantage, but is the window shutting earlier than expected and what will it take now to reopen it?
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