SSAs break records in hot dollar market but supply could cool

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By Craig McGlashan
14 Sep 2017

Strong short end dollar demand led a host of issuers to print tight deals this week, including one debut. Investor appetite is expected to stay strong, but bankers are sceptical that there will be much supply.

Kommuninvest printed at its tightest ever three year mid-swaps spread, while Finland printed a three year with the smallest spread to US Treasuries from any issuer this year.

But there may not be many more borrowers lining up to take advantage of the searing conditions.

“You can’t hold ...

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