Location
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Budget induced volatility could push OATs above covered spreads across the curve -
Lull in issuance imminent but searing hot market could entice more borrowers before party ends
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Hunt is on for ready issuers after bond prices recover
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Strong corporate demand bodes well for the rest of the credit market
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Third Saudi capital markets banker to leave in recent months
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One major bank has underwritten three infra deals in the last week
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◆ Real estate company tightens hard on spread ◆ Deal lands well inside fair value… ◆ …but order book shrinks substantially as a result
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If Romania can tackle its deficit then government and state-owned issuer borrowing costs will fall
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◆ Spread tightened through fair value ◆ Dollar investors shrug off yen swings ◆ JFM endures dollar-yen basis move
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◆ US delivery firm prints seven and 12 year bonds ◆ Equal spread tightening on both tranches ◆ Investors flush with cash jostle for scarce issuance
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Vicenza, Verona and Grezzana look to improve electricity services
