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◆ Deal 'tight from the outset, but deliberately so' ◆ Slim concession paid ◆ Washington supras in dollar focus
◆ German agency taps bond from 2024 ◆ Line reopened was ‘interesting’ but considered expensive by some ◆ 'No huge NIP' to start with, but book grew after modest tightening
◆ Canadian issuer's first benchmark in dollars, euros or sterling this year ◆ Dollar supply lull aids return ◆ Clean book and harsh allocations
◆ French agency prints last benchmark of the year ◆ Book tops €4.6bn despite thin hedge fund participation ◆ New issue concession estimated
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Higher volume, more tightening during execution and lower new issue premiums were recorded
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Four deals from a total of seven announced on Monday will price in dollars
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Investors nervous about duration and fear steepening, but new opportunities could open up for issuers
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Modestly sized euro and dollar benchmarks are being prepped for next week
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◆ 'Special trade' for the Dutch agency ◆ Bankers agree on NIP ◆ AIIB trade gives demand signal
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◆ Canadian issuer last appeared in euros in 2022 ◆ ‘They came back with a strong print’ ◆ Large book makes allocation a challenge