ADB jumbo deal shows dollar market is back

Dollars_spread_Fotolia_230x150
By Lewis McLellan
31 Mar 2020

The dollar market had looked sluggish, particularly in comparison to the volumes churned out in euros, but Tuesday's $4.5bn two year from Asian Development Bank indicates the market is back in working order.

“We’re still in a difficult environment, so you need to be careful with how you approach spreads, but now that US QE is up and running, the market has opened up,” said a head of SSA syndicate. “Even the volatility in swap spreads has diminished a bit, although ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial