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◆ Second German state braves this week's volatility ◆ 2bp NIP is ‘fair enough’ for Länder ◆ ‘Important to keep market open’ and encourage others, say bankers
'Not much supply in immediate future' as volatility cripples issuance
◆ Länder's 10 year 10bp back from KfW ◆ Deal over three times covered ◆ Trade 'could encourage' further German state issuance
◆ State raises €625m as markets sink ◆ Spread hungry bank treasuries drive demand ◆ 7.5bp pickup over KfW
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New March 2034 landed flat to the issuer’s domestic curve
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Deal was oversubscribed with €110m of lead manager orders
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Latest Primary Market Monitor data examines issuance trends in February and March
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SSAs vie EU for attention as more issuance expected from Flemish Community
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European sovereign tests inflation-linked market as EU brings a new green bond
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German sub-sovereign again proves that it 'owns the long end' in euros