The deal launched just ahead of economic data reports due out this week, including two inflation indicators û the producer price index and the consumer price index û and earnings reports from JPMorgan, Merrill Lynch and Citi.
On Monday last week, the leads released guidance of 220bp over mid-swaps issued, but the transaction priced at the tight end of revised guidance set at 208bp-212bp over mid-swaps on Friday 289.6bp over five-year US Treasuries...
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