The European Investment Bank's new bond issue is one of many highly rated bonds to benefit from the strong bid tone for AAA-rated dollar securities.

The EIB sold $2bn (€2.2bn) of global bonds in its second global issue of the year on Thursday. The new deal was priced to yield 67 basis points more than the underlying US Treasury, equating to a premium of about 2bps over yields offered by the US mortgage refinancing agencies, Fannie Mae and Freddie Mac, which are the benchmarks for other highly rated dollar bonds.