Dollar SSA primary shuts down on secondary swing

empty pipe
By Mike Turner
24 Jun 2019

The bottom has fallen out of the dollar market for sovereigns, supranationals and agencies, with some bankers predicting that there might not be another sizeable trade from the sector until the nights start drawing in again.

“I could see there not being any more supply until the end of the summer, certainly not a big jumbo benchmark,” said one head of syndicate. “So KBN’s trade a couple of weeks ago could be the last we see for the summer.”

Potential dollar issuers are being kept ...

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