Goldman and US Bancorp spring dollar surprise

By Will Caiger-Smith
31 Jan 2014

US banks braved volatile markets to continue to tap the dollar market this week, confounding predictions that the recent glut of FIG supply had run its course.

Goldman Sachs and US Bancorp supplied $8bn of paper, taking new issuance from financial institutions for January past $60bn. 

“Risk-aversion has taken hold and FIG always bears the brunt of that,” said one syndicate source. “We had one bank stand down because of the volatility, but apart from ...

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