Euro market open for duration
While demand for Austria’s new Eu4bn 10 year benchmark exceeded Eu11bn and the Hellenic Republic’s $4bn tap of its 4.6% 2040 bond was a clear winner being more than twice subscribed, the KfW 10 year, which will price today, seemed a slower sell with the book reaching around Eu5.5bn on Tuesday. Read EuroWeek on Friday for the latest developments.
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