Germany
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◆ Not covered but not uncommon ◆ Prices around 2bp through fixed rate curve ◆ More German state supply expected -
German issuer's own comparable tenor deals disregarded in favour of more recent peer supply
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◆ German and European spending needs rile SSA market ◆ GSE reform in the US, green reform in the EU ◆ Saudi Arabia leads Gulf diversification out of dollars
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Estonian lender set to join Austrian and German-led sub-benchmark flurry
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Swap spreads test new tights on fiscal expansion concerns as issuers turn to dollars
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Investors are becoming more price sensitive, said one banker
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Defence, utilities and real estate all likely to need more loans
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Slow week expected as market digests results of the parliamentary elections
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German electricity company ends corporate drought as Thermo Fisher announces roadshow
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Security expenditure targets must be met with debt brake reform, analysts say
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Duration returns to euro covered bonds but supply wave looks unlikely with relative value a sticking point
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◆ Issuer prints €2.25bn across two tranches ◆ 10 year tranche solidifies returning long end demand ◆ Slim premium needed on both tranches
