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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
Data
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Short term deal including SLB could come on Tuesday -
Market in best shape since war began as investors gobble €8bn
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More appointments to come as bank builds senior team
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Pictet latest private bank to move into direct lending
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Property company goes for defensive three year
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Rising swap rates open opportunities for arbitrage at attractive yields
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