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First Canadian province to visit euros in 2026
◆ Cautious start after spreads moved around ◆ KfW's spread tightens, but Länder unmoved ◆ ‘Real’ Länder-KfW spread yet to be established
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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Provincial issuer grabs one of the biggest order books among the Canadians this year -
Promise of arbitrage draws foreign borrowers to Swiss franc market
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Rates, asset-swap and treasury buyers drawn to sub-sovereign paper
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Dollar SSA issuance to build, though euros offering tighter pricing for many
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SSA issuers jump into first available window after several central bank rates decisions
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New March 2034 landed flat to the issuer’s domestic curve
