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FIG

FIG market sits on hands as summit looms

Despite a softer opening on Thursday morning, which saw the iTraxx senior financials index widen 5bp to 247bp, bankers insisted the window for senior issuance was still open. However, with all eyes on Sunday’s EU summit, and increasing fears of a less than credible European rescue package, market participants were unwilling to take a bet on the market just yet.

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