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SSAs and covered bonds tighten into surging supply

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By Bill Thornhill
13 Jul 2021

The covered bond and sovereign, supranational and agency sectors were well very well bid on Tuesday despite supply from the European Union and US T-Bill auctions. Even though US inflation is proving to be much higher than expected, dovish comments from the European Central Bank and the expectation of lower supply over the summer kept the mood light in secondary markets.

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By Bill Thornhill
13 Jul 2021