LatAm Bonds
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Société de Financement de l’Economie Française (SFEF) and the European Investment Bank were the main beneficiaries of ideal conditions in the sovereign, supranational and agency market this week as spreads tightened across the curve in both euros and dollars.
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Two Washington supranationals, namely International Finance Corp and Inter-American Development Bank, in the dollar market at the same time with five year globals, could have been a recipe for disaster, especially in a maturity that has proved elusive this year.