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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?
SSA
Threat of tariffs between Nato allies push EGB yields down but 'sustainable shift into risk-off' not expected — yet
SSA
Big demand but no ‘saturation’ just yet even with secondary market wobbling as issuers reward changing hedge fund behaviour
◆ German state brings fresh paper after KfW sets benchmark ◆ Appropriate spread to KfW dominates discussion ◆ Has market weakened from last week?
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