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‘Pragmatic’ approach from borrowers set to benefit upcoming wall of issuance
◆ Nordic sovereign brings year's final euro deal ◆ Pricing strategy adjusted after secondary widening ◆ Land NRW attracts with pick-up over KfW
◆ Germany taps 2056s for second time this year, taking €4bn ◆ Spread was fixed from the start, rare for the issuer ◆ ‘Very, very flat’ 2054-2056 roll was key to the decision
Summer is 'slowly but surely' ending with large issuers putting demand to test
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Top European borrowers bring competition in crowded market
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EU to lead issuance revival after busy week for central banks and data wonks but no easy road ahead
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QT announcement made earlier and was more aggressive than analysts expected
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French government bonds sell off across the board after negative news but European peers also suffered on weak morning