Nomura

Friday, 31 July 2020
Aug/Sep 2020

No obvious circuit breaker for Kangaroo SSA supply

Pricing in the Australian dollar supranational, sovereign and agency (SSA) market remains dislocated, intermediaries say, based on lack of alignment between domestic investor and offshore borrower pricing expectations. A number of factors are at play, not least among them the record support SSA borrowers are receiving in global markets.