Thirsty Thursday
Market activity has started off a bit subdued as the transition into this new year continues. The CBK will be taking some attention from the secondary space with the re-opened FXD1/2020/5Yr and FXD1/2022/15Yr sale period coming to a close next week Tuesday (10-Jan-2023). With this in mind, below are my expectations for the auction:
- FXD1/2020/5Yr (2.4 years): average to fall within the 12.70% - 12.80% range. Cut-off to be approximately 20bps away from the average
- FXD1/2022/15Yr (14.3 years): average to fall within the 13.95% - 14.05% range. Cut-off to be approximately 15bps away from the average
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
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