Banks
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Investors brush off selling momentum to buy short-dated Swedish paper
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Rare visitor unearthed size across two tranches at a competitive level
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Royal Bank of Canada has begun laying off staff its London investment banking operation as part of a target to reduce global headcount by 2% this year
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◆ Unsecured issuance to resume from Wednesday ◆ Infrequent and rare issuers fill pipeline ◆ Pre-funding national champions may compete
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New retail government bond sale draws in €4.8bn of demand on first day
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Asset managers avoid new issue, favour more attractive secondary spreads
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Issuers use quiet days to market, aiming to launch later in week
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More covered paper expected in Swissies as euro issuance goes quiet
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The Qatari Investment Authority is injecting £500m into the Midlands water company
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Peer World Bank raised the same amount from its own floater the day before
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Banks seized the opportunity to fund in challenging markets ahead of a looming US government shutdown and increased rates volatility