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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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German sub-sovereign issuer gears up for the first euro SSA deal since the ECB’s 50bp rate rise, with Swedish agency eyeing dollars ahead of Fed meet -
SSA issuers becoming more willing to issue on less obvious days to get deals done
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Swiss market only suitable for high grade names until post-rise stability is found
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Issuer overcomes worries of low levels of interest for long euro debt
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Investors still favouring liquidity, but smaller issuers can get deals done
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Canadian province follows on from Swiss franc trade to rebuild international curves
