Investors pile into euros in spite of risky atmosphere

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By Lewis McLellan
31 Aug 2017

The euro market sprang to life in earnest this week, producing three well-received benchmarks but, given a risk-laden backdrop and monetary policy outlook, some SSA bankers are surprised to see investors so eager to put their cash to work.

The week began on a shaky note. North Korea’s sabre-rattling took on a new and threatening dimension when it launched a missile over Japan. The White House responded with a statement to the effect that “all options are on the table”.

The development prompted a little safe haven ...

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