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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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The sovereign also expects to add a new point to its green bond curve
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Both the EU and its peer SSA issuers learned a little better how to work next to each other in tough conditions in 2023 but next year will bring bigger tests
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Issuers relied on dollar market to cross funding finish line in 2023
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DMO's chief said there's no reason to be 'unduly concerned' as levels of government supply are high globally
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The sovereign last raised a record €22bn from a one year note
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Hopes are rising that two regulatory obstacles to sustainability-linked bonds could be removed