Banks move fast in dollars to escape volatility

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Banks move fast in dollars to escape volatility

David Rothnie
March 05, 2020 09:00 PM
Federal_Reserve_cyclist_PA_575x375_060320
A general view of the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. on July 22, 2019. Next week the Federal Reserve's Board of Governors will meet to determine interest rate levels – Chairman Jerome Powell has hinted rate cuts may be on the way, as President Trump has repeatedly called for rate cuts. (Graeme Sloan/Sipa USA) | Graeme Sloan/SIPA USA/PA Images

Bank of Montreal reopened the dollar market for Yankee banks this week, using ‘shadow books’ to quickly wrap up the sale of its floating-rate note.

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Deutsche BankJP MorganAmericasCitiBMO Capital MarketsSenior DebtBNP ParibasWells Fargo SecuritiesUnited StatesNorth AmericaHSBCFIG
DR
David Rothnie
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