CPPIB gives further proof of slowing 10 year dollar demand

Downward Slope Sign
By Burhan Khadbai
22 Oct 2019

CPPIB Capital underwhelmed with its return to the 10 year dollar market on Tuesday, giving further evidence of slowing demand following a string of trades in this part of the curve in recent weeks.

BNP ParibasDeutsche BankHSBC and RBC Capital Markets began taking indications of interest for CPPIB’s $1bn no-grow November 2029 at mid-swaps plus 38bp plus or minus 1bp on Monday.

The leads set the spread at plus 38bp on Tuesday morning UK time with over $1.1bn of indications ...

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