SSAs pile into CP to exploit hot basis swap action.

The article reports on the sale of a 300 million dollar commercial paper (CP) by Ireland's National Treasury Management Agency. The deal is considered as the largest deal made by Ireland in two months. Issuers from Germany, the Netherlands and France also sold CP in sterling and dollars which prompted sovereign, supranational and agency issuance in both denominations, including FMS Wertmanagement and L-Bank.