Dollars make a comeback while subscriptions slide

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By Johan Lai
20 Apr 2021

The dollar market roared into life last week, with the largest number of SSA deals in the currency since January 2020 — just under $20bn. However, subscription ratios for the currency were rather weak at 1.58 times.

Both the SSA and the corporate bond markets suffered a tumble in the average subscription ratio last week after a spike in the week commencing April 5. The average SSA deal was 3.2 times subscribed, the second lowest so far this year — the lowest being the week ...

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