French Sovereign
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◆ France first out of the door with 30 year ◆ Large book of €115bn, over 450 investors ◆ 'Very compressed' premium like EU and Italy -
Agency prints tight in euros as French political trauma eases
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◆ Sovereign sells €10bn bond into record demand ◆ First syndication since last year’s political woes ◆ 'Strong demand for French bonds and trust from investors,' says issuer
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OAT yields and spreads calm, but next year’s supply is crucial
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As 'greeniums' on public sector bonds are now hard to define, issuers are focusing on other advantages
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French government bonds sell off across the board after negative news but European peers also suffered on weak morning
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Sovereigns snap up a combined €11bn despite volatile market
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Sovereign pair move ahead of ECB rates verdict and anticipated EU supply
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Investor focus elsewhere for now, but bankers warn that the medium term outlook is shaky after French election
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French debt cheapens as bankers say things will grow more shaky still in run up to second election round
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Sovereign braves linker amid tumbling equities and flattening rate curves
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Investors have the chance to pick up some juicy returns if inflation sticks around
