Sovereigns praise primary dealers but system ‘not ideal’

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By Craig McGlashan
21 Jun 2018

Sovereign debt officials praised the role primary dealers played during the volatility that hit eurozone government debt markets in the second quarter, though some still feel the system is “not ideal”.

Speaking at the Euromoney Global Borrowers and Bond Investors Forum on Tuesday, Pablo de Ramón-Laca, head of funding and debt management at the Spanish Treasury, said that at the very worst point of the volatility, when investors fretted over a potential — and now actual — populist government ...

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