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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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Sovereigns take €7bn each while supranationals and agencies also keep euro buyers busy -
Issuers including Belgium and Italy are queuing up to access the market
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Some say about time, while others warn it is too soon
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Plans expected to aid liquidity as EU’s funding grows
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Triple A-rated German development bank to borrow €80bn
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Issuance from cantons could rise next year as regions look to close SNB dividend shortfall
