Dollar long end in SSA sights despite Trump dollar diss
US President-elect Donald Trump left market participants dumbfounded by saying that the dollar is too strong just a few days before his inauguration on Friday — a position he won after a campaign promising infrastructure spending and tax cuts. But while Trump’s ability to disrupt markets is likely to be a feature of the next four years, the start of an unwinding of the ‘Trump trade’ could help public sector borrowers bring 10 year deals to a red hot dollar market, writes Craig McGlashan.
There has been $37.75bn of dollar benchmarks bonds across 17 deals so far this year, based on Dealogic data. That easily outstrips the previous record of $32.5bn across 14 deals in 2011.A chunk of that came on
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