T-notes tender beyond six months may be back today
By Sophia Rodrigues
Published On 22 May 2020 , 08:59 AMThe decision to issue T-notes beyond six-month maturity is a tricky one for the AOFM, as it needs to balance the slightly elevated cost against lengthening maturity (amid huge government borrowing program) and creating liquidity in that space. So after a pause last week where it restricted the term to six months, it wouldn't be a surprise to see T-notes beyond six months in the tender list for next week.
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