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Decent Spanish and French auctions

EUROZONE ISSUANCE
  • Amongst the data releases, we saw a decent Spanish auction with all of the lowest accepted prices above the pre-auction mid-prices, and E5.978bln (the top of the target range) raised in the nominal auctions.
  • The same was seen in the French LT OAT auction with the full amount taken there too with the stop prices above the pre-auction mid-prices.

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