KfW tests new spread limits with cautious approach

Addison Gong

June 18, 2025 04:56 pm

BAHRAIN, BAHRAIN - FEBRUARY 26: FIA F1 Media Center?s TV Screens during Day One of F1 Testing at Bahrain International Circuit on February 26, 2025 in Bahrain, Bahrain. (Photo by Qian Jun/MB Media)

Market in 'a process to find the new and appropriate levels', observes issuer

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Supras and agencies SSA KfW US dollar

AG

Addison Gong

SSA editor GlobalCapital

Related articles

Sovereigns

Rarity and quality help Sweden land right on top of US

Issuer adjusts execution strategy to price off swaps instead of Treasuries, outlines plans for 2026 funding

Addison Gong, October 24, 2025
SSA

NWB on avoiding oversubscription, duration needs and Aussie opportunities

◆ Choosing a window for three year euros ◆ Limited fast money interest was pleasing ◆ Aussie funding for euro issuer has improved

Sarah Ainsworth, October 24, 2025
SSA

World Bank's Dore on IBRD dollar and IDA euro transactions

◆ IBRD trying to 'push out duration' ◆ Timing of further dollar deals discussed ◆ Euro investors favoured 25 year over 30 year

Sarah Ainsworth, October 24, 2025
FIG

Truist defies regional bank jitters as US FIG supply holds firm

Investors are eager to put cash to work in FIG bonds even though last week ended with concerns about bad loans

David Rothnie, October 24, 2025
Leader

US government shutdown could bite harder than market thinks

Data-deprived markets should give the shutdown the attention it deserves

Addison Gong, October 23, 2025
SSA

Investors lap up SSA duration amid talk of French rotation

Further long-dated SSA issuance is expected to be limited given funding requirements

Sarah Ainsworth, October 23, 2025