Credit Ag goes short in Swiss
Crédit Agricole has issued a Sfr275m three year Swiss franc covered bond, tapping institutional demand for shortening durations. While extended durations were the order of the day at the end of 2010, some asset managers are expecting a rise in interest rates this year and they are scrambling to shorten the duration of their portfolios.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: