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◆ NRW tests 30 year demand ◆ both real and fast money feast duration ◆ ADB adds euro to funding mix in active 2026 start
◆ KBN and Quebec among SSA issuers paying no NIP in dollars ◆ Quebec faces 'difficult allocation' after mega demand ◆ CEB also in five year dollars
◆ ‘Very rare’ large book for a German sub-sovereign ◆ ‘New year, new levels’ in price discovery ◆ Tuesday’s focus on dollars, but ‘big’ euro mandates expected Wednesday
German issuer expected to seize 2026's first window for fourth year in a row
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German sovereign goes for conventional over green as smaller peers join a crowded Tuesday -
Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
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'A change in vibes in the market' sensed in the state's deal, but real money shows support
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◆ Short-end offering a rare opportunity ◆ Issuer 'liquid' and 'well-liked' ◆ New issue concession estimated
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◆ WI Bank tests 10 year appetite ◆ Spread versus Hesse considered ◆ Mecklenburg-Western Pomerania goes 'close to bone'
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◆ Issuer fully covers €1bn no-grow deal ◆ Weaker sentiment dents Länder’s tighter pricing trend ◆ Would another 1bp make a difference?
