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SSA

PMM: Issuers go long amid inflation fear

Horizon_AdobeStock_575x375_17Sep20

As inflation fears spread through the bond market, demand has fallen, particularly at the long end of the curve. However, the SSA market defied this trend last week with borrowers seeking duration, with the average maturity of a deal around 13 years. Similarly, the corporate market stretched its averaged maturity to 12 years, from just 7.4 years the week before.

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