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‘Pragmatic’ approach from borrowers set to benefit upcoming wall of issuance
◆ Nordic sovereign brings year's final euro deal ◆ Pricing strategy adjusted after secondary widening ◆ Land NRW attracts with pick-up over KfW
◆ Germany taps 2056s for second time this year, taking €4bn ◆ Spread was fixed from the start, rare for the issuer ◆ ‘Very, very flat’ 2054-2056 roll was key to the decision
Summer is 'slowly but surely' ending with large issuers putting demand to test
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The sovereign's debut issuance could encourage other issuers from the country -
Landmark Australian climate settlement removes a stumbling block but action is still needed
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Dollar strength shines through with euro deals lacklustre
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Demand picture for long-dated paper still uncertain after Jackson Hole meeting
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Reluctance to show hands has led to smaller books and higher concessions
