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Treasury yields inched higher yesterday (Thursday) after new Fed chairman Ben Bernanke's inaugural address to the Senate, in which he took a hawkish stance on US interest rate rises. The Nordic Investment Bank launched its annual dollar global. The $1bn five year issue broke the trend of the last three weeks by not paying a new issue premium, but it did come with an eye-catching 4.875% coupon.
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Treasury yields inched higher yesterday (Thursday) after new Fed chairman Ben Bernanke's inaugural address to the Senate, in which he took a hawkish stance on US interest rate rises.
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Let us have a few rounds of applause for BNP Paribas, which showed a certain Gallic flair by making a slam dunk bid for Banca Nazionale del Lavoro.