Supras enjoy super dollar fives, but window may be shut
A lack of five year dollar supply and an acceptance that since the summer issuers need to offer a bit more juice helped a pair of supranationals launch strong trades this week. Other supras are rumoured to be considering follow-on deals next week, although some bankers warn that investor appetite may be sated for the moment, and everything could hinge on how a sharp US Treasury move late on Thursday plays out.
The 10 year US Treasury yield was around 2.09% for most of the London day on Thursday, before dropping to below 2.03% around
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