Citi wades in at wide spread
Citigroup became the first major bank or broker to issue in the US debt market since mid-May when it sold a $3bn 5 year bond at 337.5bp over Treasuries this week — a vast spread and a vast negative basis to its credit default swaps. Will other banks and brokers take encouragement from this or not?
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: