ESM defies expectations with five year
The European Stability Mechanism mandated banks on Tuesday afternoon for what could be the only euro benchmark of the week, surprising with a five year maturity rather than the expected 10 year trade.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
