EU readies second SURE deal of 2021 amid steep rates sell-off

EuropeEuro_Adobe_575x375
By Burhan Khadbai
25 Feb 2021

The European Union this week began preparing its second Support to mitigate Unemployment Risks in an Emergency transaction of the year, amid a volatile period in the rates market driven by reflation concerns.

The EU sent banks a request for proposals (RFP) on Wednesday, with the deal expected to hit screens next week.

A head of SSA DCM said a deal in the ultra-long end by the EU was “less likely” as a result of the “overhang of supply” in this ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial