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Baden-Württemberg set to price FRN on Tuesday in so far quiet primary market
The usual supply slowdown moves fast into sight but issuance windows remain open for next two weeks
Price advantage and strong treasury demand brings borrowers back for more
US fiscal woes across keep investors on edge as sensitivity to public debt grows
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Issuer sets €160bn maximum for 2024 and pushes on in EGB quest
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Debt agency expects to issue €13.5bn of popular one year state notes
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◆ Latin America’s bond markets at an (interest rate) inflection point ◆ Who’d be a primary dealer? ◆ What price briiiiidge loans?
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Without banks' capital costs, could Citadel Securities shake up primary dealer ecosystem?
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◆ German court ruling may hit Bund issuance in 2024 ◆ KfW and Länder funding may also be affected ◆ Banks and borrowers shrink loan syndicates
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Germany faces funding shortfall for 2024 but problem extends beyond Bunds to agencies and Länder