Redemptions and tightening spreads cause SSA Kangaroo flurry
- Monday, 27 May 2013
Kangaroo market participants ascribe the recent flurry of supranational, sovereign and agency (SSA) Kangaroo issuance to a global tightening of spreads and rolling interest in maturities. While a tapering off of issuance during the European summer is expected, most market participants believe fundamentals remain sound – despite the recent precipitous decline in the value of the Australian dollar.
