The Kangaroo supranational, sovereign and agency (SSA) market has started 2019 with a trickle rather than its usual flood and intermediaries say Australian dollar pricing has been uncompetitive compared with offshore markets. They report solid fundamental demand but say a supply uptick is unlikely until there is a shift in the basis swap and pricing expectations.
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The annual guide to the world's most significant supranational, sovereign and agency sector issuers.
The following interview is with a funding executive at a European issuer in the supranational, sovereign and agency sector. It was conducted on 19 March 2020.