Chinese new fear: Yuan more headache for SSAs
China’s shock decision to devalue its currency this week threw up a raft of potential difficulties for a public sector bond market already fretting over other central banks’ actions.
An exclusive GlobalCapital poll of SSA bankers — covering nearly 30% of the volume in Dealogic’s global SSA (excluding US agency issuance) league table — predicted a range of knock-on effects from the currency move that could impact issuers’ plans for the rest of the year.The most ...
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