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

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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