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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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Borrowers from both sides of the Atlantic make their second or third appearances this year -
French, German and Canadian issuers printed their first euro bonds of the year
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Buyers grapple with falling interest rates
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KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month
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The German state is eyeing two fixed rate benchmarks in the first half of next year
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More benchmarks of €1bn are planned for the year ahead
