Demand deep but finite for French 10 year
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Covered Bonds

Demand deep but finite for French 10 year

French top tier borrowers have issued nearly €5bn of 10 year paper in three days, meeting demand from insurers and asset managers on the hunt for generous yields. The bonds in the secondary market have all held in, but the ten year maturity may not be such an automatic choice now for other French issuers that follow next week.

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