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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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Rates stability, oil price rally provide fertile ground for tap of 2049s -
Euro SSA pipeline looking thin for rest of year
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European country returns to the onshore Chinese market after more than five years
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ECB doesn’t need to mess with yield curve control to protect the eurozone
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Investors welcome UAE as positive market development
