Euro borrowers adjust to new levels with aplomb

Europe space 230x150
By Lewis McLellan
11 Jan 2018

The euro market has, after a wobble in the first week, adjusted admirably to a new price level and got off to a spectacular start, providing record book sizes and smooth executions across the curve.

Cartoon_1537_OrdersWhile order books were reaching astonishing sizes, new issue concessions — though limited to low single digits — were still considerably higher than in late 2017, when deal after deal came nailed to its issuer’s curve.

Investors are ...

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