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◆ Dealers slow to adjust Länder secondary pricing ◆ 'A lot of discussion' on order updates ◆ Covereds trade tight to Länder
Focus on diversification boosts activity across Australian, Canadian and Danish markets and many more
◆ Pricing 'close to fair value' ◆ Deal finishes subscribed ◆ PBB no problem for SSAs
◆ Deal arrives same day as EFSF dual-trancher ◆ Pick-up over KfW ◆ Public sector pipeline mulled
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Govvies outperform swaps as market participants contemplate next year’s spread direction -
◆ Sub-benchmark deal attracts large book ◆ 'Quite a big milestone' achieved ◆ Fair value not straightforward, but pricing was through
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◆ €18.5bn demand for €1bn tap ◆ ‘Really fantastic’ deal completes 2025 funding ◆ 'Very tight' Bavaria struggles to attract
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We would welcome your feedback on the outlook for the SSA market
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Domestic names bring duration as earnings blackouts loom
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◆ Recent EU syndication provided encouragement ◆ Greenium debated ◆ ESG investors bolster orders
