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◆ Large demand leads to large print ◆ Early momentum in quality book ◆ 'Everything flying' but spread to swaps also attracts
◆ 'Really good' spread to KfW ◆ More German issuance to come ◆ Two-step tightening but no attrition
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
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