Euro

◆ UK bank uses the first issuance window after earnings, central bank meetings and holidays ◆ Deal coincides with busy euro credit market ◆ Barclays attracts attention with relevant new issue concession

◆ Dutch bank goes 'head to head' with Alphabet in euros ◆ Brings its longest ever opco tranche ◆ Book skewed towards two year FRN

◆ Pricing was tricky after Hamburg’s recent five year ◆ Is 7bp the new magic number for Länder? ◆ Five year demand lacking, Thuringia to test 10 year

◆ General Motors brings dual currency trade ◆ Ford ups size on 5.2 year euro bond ◆ Both print euro tranches inside dollar curve

◆ Fourth largest deal from any corporate in euros ◆ Concession needed to lock in size ◆ Marketed alongside debut Canadian dollar trade

Maxima and České dráhy are prepping euro notes

Volumes and concessions are set to skip higher, hand in hand

With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten

Advance funding in the bond market is not without its risk for public sector borrowers

The bloc's funding update and trio of central bank meetings held the SSA market's attention on Wednesday-Thursday

Erik Kolski at Land NRW's Ministry of Finance discusses its largest sustainable bond since 2020

◆ Issuer makes solo appearance in euro corporate bond market ◆ Spread tightened by 32bp ◆ Final pricing lands close to fair value