ADB jumbo deal shows dollar market is back

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 ...

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