US dollar
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Aside from its sheer scale, the US offers strategic funding that should be seized by European banks now that the market has reopened -
◆ Secondary rally shows appetite for risk ◆ Issuers target quick intra-day execution before CPI ◆ HSBC starts by luring Asian demand
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CH Guenther pays a narrower OID as euro market becomes more competitive against the dollar
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Wave of deals comes after some borrowers had shunned dollars for months or years
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◆ Improved tone lures local lenders in size ◆ Yankee arb possible again ◆ European trio steps up Yankee printing on Thursday
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SSA trio keep dollar investors busy with two, five and 10 year bonds
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Westpac, CIBC and TD have also found sizeable dollar funding
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Resolution of US debt ceiling crisis spurs dollar bond issuance from public sector borrowers
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◆ Debt ceiling deal keeps issuers at bay ◆ US regional banking stress still affecting primary market ◆ Issuers tipped to front-load
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Wall Street titans act to steady dollar market nerves
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Bankers, analysts believe a default is unlikely but say markets are "more on the edge"
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Issuer raised $4bn from third dollar benchmark of the year
