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UK government can find direction by being determined on defence and green growth
Nine banks chosen to run £1.5bn borrowing programme
‘Notably better’ spread cements sovereign’s standing, thanks to triple-A rating and solid fiscal position
All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
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This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes so far this year.
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The Republic of Serbia’s first international bond for six years took advantage of a wave of bond buying, after European Central Bank President Mario Draghi’s comments earlier this week signalled a growing chance of eurozone rate cuts.
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The creation of common eurozone sovereign bonds is likely to happen once there is greater harmonisation between the fiscal policies of eurozone nations, the heads of the Portuguese and Italian debt management offices said at the Euromoney Global Borrowers and Bond Investors Forum in London this week.
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European Central Bank boss Mario Draghi sent European govvie yields plunging on Tuesday by redoubling rhetoric that more easing is on its way, leading to an immediate claim of unfairness from US president Donald Trump.
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Giovanni Tria, Italy’s minister of economy and finance, rebuffed the chances of a controversial ‘Mini BOT’ financial instrument coming into effect, as he gave a keynote address at the start of Euromoney's Global Borrowers and Bond Investors Forum in London on Tuesday.
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Issuance and average daily trading volumes of European government bonds rose in the first quarter of 2019, according to a report by Afme on Monday.