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Rush for yield springs sub market open

Investors desperate to get their hands on higher-yielding assets have piled into supply from financial institutions this week. Hannover Re, CNP Assurances and Lloyds TSB Bank all had well oversubscribed order books for their subordinated deals in the euro and dollar markets and all have performed well following pricing. To find out whether this trend will continue and who is next, read EuroWeek on Friday.

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