Scandis come but some SSAs skip dollars

By Craig McGlashan
17 May 2018

Big moves in US Treasury yields, swap spreads and the euro/dollar and euro/sterling basis swaps put paid to some dollar issuance this week as some borrowers held back and others tapped different currencies. But a pair of Swedish names did get deals done, and rates started to move back into more favourable areas, suggesting volumes could pick up again next week.

As the week opened up, dollar swap spreads dropped and the euro/dollar cross currency basis swap moved heavily in favour of printing in euros and swapping back to dollars, particularly in five years. That led Asian Development Bank to opt for five year euros instead of an expected ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.