Duration demand takes up CFF slack
The momentum around long dated core supply rumbles on, with Compagnie de Financement Foncier launching a Eu1bn 10 year benchmark deal on Wednesday. The deal comes amidst some talk that it was not the easiest sell and a continued widening of French paper relative to German. But with the outlook for France stable and a new law set to enhance structured deals, France’s dominance of the covered market looks unthreatened.
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