May 30, 2024 06:34 GMT
Medtronic (MDT: A3/A) New Deal Comments
CREDIT SUPPLY
Some comments from a Bloomberg article:
“I thought it was interesting that the 30 year book was bigger than the 20 year’s, and not by a small amount, which tells you something about the nature of the market at the moment. There’s been quite a lot of 20 year supply [another banker had put this at €11bn up to Tuesday] and that bucket may have been filled. If investors are given a longer duration and higher spread option they’ll take it, even though the yield pick-up for a 30 year versus a 20 year is not that great.”
https://blinks.bloomberg.com/news/stories/SE9FMUBQ99TT
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