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◆ ‘Pragmatic’ issuer prices at new found level ◆ KfW bonds used as building block for pricing ◆ Deal should give ‘encouragement’ to others
No tightening in sight but stability hopes rise as market digests US and German political upheavals. Next EU deal to offer direction
Three issuers hit the market on Thursday, as pipeline builds for next week
A dollar deal may be on the cards after a recent sterling trade
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Five year sweet spot attracts €3.4bn of demand after swap spreads normalise -
Sub-sovereign issuers found support in an undersupplied market
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Core currency primary supply accelerates across the board
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Issuers stick to the Länder rule book to maximise pricing
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German SSA supply set to continue in holiday-filled week
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The market will need a breather before follow-up trades in foreign currencies
