China squeezes spreads further | IFR – International Financing Review
- Date: 25-Oct-2021
- Source: IFR
- Sector:Financial Markets
- Country:Middle East
China squeezes spreads further | IFR – International Financing Review
The People's Republic of China has once again repriced its US dollar sovereign credit curve with a US$4bn four-tranche bond deal that set its lowest-ever spreads over US Treasuries despite market volatility.
Demand persisted in the secondary market, where one tranche was bid inside US Treasuries. The new three-year tightened to Treasuries minus 5bp on Wednesday afternoon, according to Tradeweb.