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Issuer leaves more NIP than earlier this year, as order sizes shrink after busy May and June
All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
◆ Deal 'tight from the outset, but deliberately so' ◆ Slim concession paid ◆ Washington supras in dollar focus
◆ German agency taps bond from 2024 ◆ Line reopened was ‘interesting’ but considered expensive by some ◆ 'No huge NIP' to start with, but book grew after modest tightening
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Deals across the spectrum will be vying for investors' attention on Tuesday -
Compelling relative value, larger sizes and greater outcome diversification hold key to developing market
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'At least six' deals expected next week as SSAs prepare for the year's last big funding push
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Growing disbursements drive $13bn-$15bn annual funding programme and new opportunities
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Belief the Fed will cut rates by 25bp to 50bp in September hold firm
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Issuer gets ahead of potential supply wave next week
