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◆ New bond priced before state election, far-right AfD leads polls ◆ JLM orders help carry deal across finishing line ◆ 'Fair' pick-up over Bunds but KfW spread ‘relatively tight’
◆ 'More defensive' five year tenor works well ◆ Record non-German demand, central banks show hands ◆ Länder-KfW spread 'at a good place'
Month-end buying from investors in secondary market to determine backdrop for next wave of issuance
◆ First 10 year Länder bond post-summer ◆ Pricing was fair versus KfW ◆ More diversified book than before
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◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'
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Fast money goes missing as issuers try to sell at tight spreads
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◆ Ten year Länder paper widens against KfW ◆ Deal strikes balance between size and price ◆ Investors on board despite deeply negative OAT spread
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Swisscom, DNB Bank and City of Zurich all go green on return to Swiss franc market
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'At least six' deals expected next week as SSAs prepare for the year's last big funding push
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Belief the Fed will cut rates by 25bp to 50bp in September hold firm