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All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
◆ Sovereign back in euros, alternating from dollars in 2025 ◆ “Very low double digit” spread over Germany ◆ Sweden, KfW key comps
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
Fiscal targets for 2026 already met, more early debt repayments underway
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Montreal Agreement puts nature centre stage for first time -
Plans expected to aid liquidity as EU’s funding grows
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Flood of long dated supply could steepen the Norwegian govvie curve
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Sovereign will raise over €5bn in green formats next year
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