Financials surprise with dash into dollars

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By David Rothnie
17 May 2018

US and Yankee financials surprised to the upside with $15bn of dollar bond supply this week as they jumped into the market with front-end offerings ahead of a spike some expect in US Treasury yields.

With the 10 year note hitting its highest level since 2011 and analysts predicting further rises, supply slowed on Wednesday but the dollar market rebounded on Thursday as Svenska Handelsbanken launched a $3bn two part offering of three year fixed and floating rate notes via Bank of ...

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