Spain and Italy set to take centre stage as new year rally holds firm

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Spain and Italy set to take centre stage as new year rally holds firm

A calmer run of trading in peripheral eurozone sovereign debt — after a rampant rally at the start of the year — has created perfect conditions for Italy and Spain to syndicate their first deals of the year next week, according to bankers. Spain is rumoured to be considering a 10 year, while market chatter suggests Italy could opt for an inflation-linked bond.

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