Currencies
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US FIG issuance moves unperturbed across capital structure just days before election -
◆ Opportunistic move pays off ◆ More balance brought into euro curve this year ◆ ‘Incentive and motivation’ to improve spreads
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New issue premiums are needed after a difficult week to sweeten post-US election issuance prospects
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Post-Budget inflation fears have led to a surge in UK government bond yields
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Junior creditors propose cheaper offer to Class A deal
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Final high grade dollar deals slip in before US election
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Emergency funding with sky high costs threatens to cut off more meaningful support
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Wider swap spreads provide French covered bonds a buffer against competing SSA levels
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Relative value mismatch between core and non-core issuers is one of many concerns
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Blowout month for euro high grade benchmark corporate issuance
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Mixed response to public investment-focused budget did not dent demand for French utility
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Euro loans could outperform despite offering lower coupon payments than in dollars
