Cades lines up 10 year dollar deal as US Treasury yields climb

Caisse d'Amortissement de la Dette Sociale hit screens on Monday morning to announce a 10 year dollar benchmark, following the example set by Inter-American Development Bank’s enormous success in the tenor last week.
Rising US Treasury yields and a steepening curve have sparked hot demand for long dated dollar paper, driving IADB’s order book to over $5bn and allowing it to print $4bn — its largest ever deal at the tenor.
Treasury yields have marched upwards in anticipation of greater US ...Already a subscriber? Login