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A final MS+31 for the new 30-year EFSF benchmark may be the tight end of talk, but the deal still looks like a bargain, with EFSF April 2037s on screens circa +10bp bid and similar consolidated European sovereign paper from EIB due 2042 a touch wider at plus 13bp.
Keith Mullin: Is it just me or does the topic of “inclusive capitalism” drive anyone else nuts?
Keith Mullin sees some sense in Deutsche Bank’s decision on fixed income.