GC Asia
Post-thanksgiving SSA dollar supply to be ‘lighter than usual’
SSA bankers expect dollar issuance from public sector borrowers to be lower than in previous years once the US market returns from the Thanksgiving holiday.
“Most of the borrowers are pretty much done with their funding going into the final few weeks of the year,” said an SSA banker. “We’ve also seen swap spreads seasonally go tighter which makes it less attractive for investors. So I expect dollar issuance to be a little
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