EFSF busts swaps bar while ECB buying could push down SSA costs

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EFSF busts swaps bar while ECB buying could push down SSA costs

The European Financial Stability Facility was able to price its tightest ever 10 year benchmark this week, while sovereign, supranational and agency officials cast doubt on whether European Central Bank covered bond buying would have much knock-on effect on SSA bond spreads when supply surges in January.

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