‘Cheap’ Stanley taps euros but dollars is where the party is

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‘Cheap’ Stanley taps euros but dollars is where the party is

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Morgan Stanley is set to price a new self-led 10 year euro benchmark later on Tuesday having gone out with guidance of 255bp area over mid-swaps. This is the first time since October 2009 that the US bank has come to the euro market although it priced a $2bn five year at the end of July.

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