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◆ Sovereign back in euros, alternating from dollars in 2025 ◆ “Very low double digit” spread over Germany ◆ Sweden, KfW key comps
SSA
◆ Post-Fed bid greets dollar SSA pair ◆ Bank treasury bid for two-five year euro paper ◆ Hamburg the outlier in 10 years
Likely successor as UK prime minister Andy Burnham further to the political 'left than anyone else’ but market hopeful that scope for more borrowing is limited

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