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Sevens on cards for EFSF trade as investors push down curve

SSA syndicate bankers are expecting either a seven year benchmark from the European Financial Stability Facility (EFSF) next week, or a deal at the far end of the curve, after they made their recommendations to the borrower this week. Meanwhile, France’s Unédic showcased the heightened appeal of seven year debt this week, targeting German bank treasuries.

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