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First Canadian province to visit euros in 2026
◆ Cautious start after spreads moved around ◆ KfW's spread tightens, but Länder unmoved ◆ ‘Real’ Länder-KfW spread yet to be established
German sovereign goes for conventional over green as smaller peers join a crowded Tuesday
Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
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'A change in vibes in the market' sensed in the state's deal, but real money shows support -
◆ Short-end offering a rare opportunity ◆ Issuer 'liquid' and 'well-liked' ◆ New issue concession estimated
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◆ WI Bank tests 10 year appetite ◆ Spread versus Hesse considered ◆ Mecklenburg-Western Pomerania goes 'close to bone'
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◆ Issuer fully covers €1bn no-grow deal ◆ Weaker sentiment dents Länder’s tighter pricing trend ◆ Would another 1bp make a difference?
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Threat of tariffs between Nato allies push EGB yields down but 'sustainable shift into risk-off' not expected — yet
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Big demand but no ‘saturation’ just yet even with secondary market wobbling as issuers reward changing hedge fund behaviour
