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European agencies aim for long end after sell-off

A pair of European issuers attempted benchmark deals on Tuesday at the long end of the curve following the recent rates sell-off. Engorged 10 year yields allowed Cades to sell a January 2024 bond, while Asfinag sold a €750m 20 year — a deal that a number of bankers on and off the deal had expected to reach €1bn.

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