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Corporate BondsHigh grade and crossover bonds

Single-A supply printed tight as ECB squeezes investors into low spreads

AdobeStock_EnBW_575x375_Oct2020

EnBW, the German electrical utility, and the financing arm of a Dutch truck company, DAF Paccar Financial, hit screens with highly rated euro trades on Monday. Central bank bond buying higher than forecast, pushed investors to oversubscribe the deals even though the spreads on offer were thin.

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