Euro
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Stable market conditions see concessions on senior bail-in debt moving closer to 10bp
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For months, bankers have wondered how much longer spreads over govvies would remain sky high
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Bonds price flat to TD as short maturity catches central bank bid
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Dutch lender paid a 'negligible' concession on its latest deeply subordinated print
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Issuers urged to move quickly as further reductions anticipated
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EU six year auction slammed as 'super-weak'
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Investors becoming pickier in the final days of pandemic era quantitative easing
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Resurgent FIG unsecured issuance pace could slow as new quarter approaches
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It was the most subscribed covered bond of this size issued since January
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BMO has raised €4.75bn out of total euro Canadian issuance of €18.5bn so far this year
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With strong book, issuer goes for price over size