Cades linker tops but Laender 10yr flops

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Cades linker tops but Laender 10yr flops

A targeted inflation-linked bond from Caisse d’Amortissement de la Dette Sociale (Cades) gave the SSA market reason to cheer on Wednesday, as a tap of its 1.5% 2024 linker resulted in a €1.5bn print, three times the minimum size.

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