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SSASupras and agencies

TLTRO threatens to up pressure on SSA second half supply squeeze

Draghi

Investors in supranational and agency paper are already facing a struggle to find bonds given how well advanced many borrowers are in funding this year — but they could face an even bigger drought. Development banks anticipate the European Central Bank’s Targeted Long Term Refinancing Operations (TLTROs) could lead to them having lower funding needs, writes Tessa Wilkie.

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