German pension funds join Japanese investors in hunt for sub-sov duration

By Kathleen Gallagher
03 Apr 2014

German pension funds have joined Japanese investors hunting for long dated paper from sub-sovereigns, according to medium term note dealers. They are finding super long paper from French regions, but supply is limited and German regions are beginning to tap the demand by pushing further out along the curve.

“French regions were receiving a lot of interest at the beginning of the year,” said a global head of MTNs. “But that was primarily from Japanese investors. Now not only are they still interested, but German pension funds are also pushing further out the curve and searching for ...

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