Swedish market could be hurt by issuance cut-Debt Office official

By Kitco News / January 09, 2018 / www.kitco.com / Article Link

STOCKHOLM, Jan 9 (Reuters) - Sweden's bond market is functioning satisfactorily, but further reductions in issuance could worsen already strained liquidity, the Head of Debt Management at the Debt Office said on Tuesday.

"Naturally, it would not be good if we were forced to reduce borrowing further," Goran Robertsson said. "But .. I don't think that one should make too much of a drama about individual adjustments (to issuance)."

Sweden's government ran a much bigger-than-expected budget surplus of 61.8 billion crowns ($7.5 billion) last year, which analysts have said could lead the Debt Office to reduce issuance again. ($1 = 8.2399 Swedish crowns)


(Reporting by Daniel Dickson; Editing by Simon Johnson)

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