Georgia race boosts Treasury yields, pepping up IADB demand

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By Lewis McLellan
06 Jan 2021

The run-off for the final two seats in the US Senate was nearing its close on Wednesday and it looks likely that Democrats will secure both, granting the party a majority in both houses of Congress. The race has caused a spike in US Treasury yields, lending Wednesday’s SSA borrowers a big boost.

The Inter-American Development Bank hit the market with a 10 year global sustainable development bond on Wednesday morning, opening books at 16bp area over mid-swaps, in line with initial price thoughts. The leads — Bank of America, BMO Capital Markets, Deutsche Bank and TD Securities— had gathered $1.85bn of indications ...

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