Norway's Bond Pick for Auction Focuses on Maturities in Good Demand
Dow Jones
Aug 19
0516 GMT - Norges Bank's decision to include the April 2028-dated government bond alongside the May 2039-dated bond in Wednesday's auction isn't surprising, given demand focusing on shorter maturities and the long end of the curve, SEB's Erica Dalsto says in a note. Meanwhile, "the mid-part of the curve remains offered," the chief Norway strategist says. Against this backdrop, the 2028-dated bond is a "natural addition" to the auction, she says. Norges Bank will offer a combined 3 billion Norwegian kroner in the two bonds. Following this auction, Norway will have issued 78 billion kroner in bonds year to date, approaching the annual supply target of 100 billion kroner to 110 billion kroner, she says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.