Triple-A sovereigns ride out volatility
Triple-A European sovereigns are riding out this week’s tough bond market with ease. France is set to price its Eu3bn 15 year inflation-linked bond today towards the tight end of guidance at 29bp over the OATei 2017. Spain attracted Eu9bn of orders for its Eu5bn 10 year transaction, also priced towards the tight end. Only Greece seemed to suffer and widened guidance to get its deal done. Read EuroWeek on Friday for in-depth coverage of deals launched this week.
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