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Reframing inflation might produce a more palatable number but is not always a great idea
◆ Issuer punches through 200bp ◆ Some concession still needed ◆ First domestic sterling deal in almost two weeks
◆ General Motors brings dual currency trade ◆ Ford ups size on 5.2 year euro bond ◆ Both print euro tranches inside dollar curve
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Market debates ramifications of the dominance of club deals in the long term
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Borrowers talk tactics after torrid week for issuance
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