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High yields are keeping investors interested for now
Restructuring of €316m deal from 2021 is likely
Spreads widen after string of surprise jumbo tech trades
Data
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Issuers flatten curves amid sharp U-turn in sentiment in favour of duration -
Wild rush of trades was never going to last
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Concessions in the teens and big book showed investors were unworried about falling demand for expensive goods
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Stability is more important than dazzling book sizes, say bankers, as issuance ploughs on
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Two hybrid trades this week have got away with zero concessions
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Priced tranches hit double digits as issuers pile in
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