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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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Issuer sidesteps macro noise to print with yield a fraction higher than two year Gilt -
Sovereign plans deal as eurozone periphery spreads widen on ECB comments
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Sovereign follows France into inflation-linked market days after presidential election
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Sovereign to join France as ECB faces growing pressure to raise rates
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