Dollar market hot for SSAs across curve as CPPIB looks long

By Lewis McLellan
20 Jan 2021

CPPIB Capital hit screens on Wednesday for a 10 year benchmark, confident that there is demand at that tenor despite a recent rush of similar deals.

The agency has mandated BMO Capital Markets, Citi, Goldman Sachs and JP Morgan to run the books for a 10 year Reg S/144A $1bn no-grow.

The leads offered guidance 25bp, plus or minus 1bp over mid-swaps.

Ten year US Treasuries were yielding around ...

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