Euro

The German agency has been working on bringing up the liquidity of its bonds

Insurers and asset managers drive long dated revival

Asset class war breaks out as FIG market complains Reverse Yankees are stealing investors away from their deals

Private equity buyers look for finance as they buy up infrastructure assets

◆ Each issuer prints larger deal than usual ◆ NWB comes after BNG five year ◆ Quebec gets huge book

◆ Deal attracts strong early momentum ◆ Slim premium paid as HVB lands size ◆ Pick-up offered over German SSAs

Issuer spends time on pricing with two-step tightening in latest euro benchmark

◆ Smaller trades populate market after roaring week ◆ Air France KLM keeps hybrid momentum going ◆ Cencora and Icade bring no-grow bonds

◆ ING new issue premium ‘made sense’ ◆ CredEm sub-benchmark lures buyers ◆ Slower issuance allows secondary performance

◆ Big €2bn print in busy week ◆ ‘Responsible approach’ safeguards execution ◆ Peer to follow on Thursday

◆ EIB taps three year tenor with new EARN benchmark ◆ Eurofima grabs record book with green bond ◆ Busiest week for primary since US tariffs

◆ Both banks issue their second ever euro deals in respective asset classes ◆ SBAB prints much tighter but also ends up with lower oversubscription ◆ Higher spread pick-up on the Croatian deal lures buyers as issuer's credit profile improves