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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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French, German and Canadian issuers printed their first euro bonds of the year -
Buyers grapple with falling interest rates
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KfW announces ‘rather unusual’ euro dual trancher after revealing large programme last month
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The German state is eyeing two fixed rate benchmarks in the first half of next year
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More benchmarks of €1bn are planned for the year ahead
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City of Zurich and PSP Swiss Property take advantage of diminishing supply to appeal to investors with cash still to spend
