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Pan-European stock exchange shares what was behind its recent decision to launch a defence bond label, how it may help both issuers and investors, and what lies ahead
◆ Gilts yields choppy amid PM leadership rumours ◆ Crossover of accounts drawn to linker trade ◆ 'Super strong trade' says lead manager
The trade was a little smaller than last year's debut, but has another social label
Sovereign prices flat to euro curve and 'well in line' with peers despite being less frequent in the currency
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French issuer postpones deal as compatriots set to face wider spreads -
£110bn book proves ‘gradual but structural shift’ in demand to shorter tenors
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'Textbook execution' lands sovereign issuer 'blowout deal'
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Whether Germany pushed investors too far this week was of secondary importance
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Market split over whether the issuer pushed pricing too far
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Usual fourth syndication to follow after the summer
