Euro

Infrequent issuer's less liquid curve makes judging fair value tricky

Almost €5bn in euros alone on another wild Wednesday

German sub-sovereign again proves that it 'owns the long end' in euros

◆ Unsecured deals lined up after sentiment-boosting CPI ◆ Virgin Money to test demand for its now much tighter credit after Nationwide's £2.9bn bid ◆ Volksbank Wien out to capture favourable window for infrequent issuers' capital

Supra only needs to raise €6bn in 2024 and offered 'a unique buying opportunity' this week

Non-eurozone deals are attracting big books and tight pricing

◆ Bid for periphery bank bonds stays strong ◆ Priced at, or inside, fair value ◆ Debate over whether good times will continue

Norwegian lender seals five year covered 2bp-4bp through fair value

Transmission operators and travel companies prepare euro deals

French agencies’ pricing versus govvies continues to compress

Degree of price discovery is needed as bankers question relevancy of illiquid secondary levels

March bull market continues despite surprise increase in CPI