Eurozone SSA Kangaroos feel valuation impact of bailout speculation [UPDATED]
- Monday, 15 February 2010
Concerns over eurozone sovereign risk have affected relative valuation of supranational, sovereign and agency (SSA) Kangaroo bonds but market participants say the pricing moves have not come accompanied by major secondary flows. And with European Investment Bank (EIB) (AAA/Aaa/AAA) insisting it will not be used as the funding vehicle for any European sovereign bailouts, there are also hopes that market jitters will calm.
