EFSF adds ultra-long point to curve with 30 year syndication

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EFSF adds ultra-long point to curve with 30 year syndication

The European Financial Stability Facility this week sold its first 30 year syndication — becoming the first supranational this year to go so far out the curve with a benchmark. Despite the deal not hitting the 2.5% yield target for real money investors there was an optically large concession to the curve and demand topped €6bn.

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