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

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By Lewis McLellan
11 Jan 2021

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 ...

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