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There is a KFW EUR 10Y being......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: There is a KFW EUR 10Y being sold today. Antoine Bouvet at
Mizuho says that "based on secondary market levels today, we see FV for the new
Jan28 issue around a yield spread of +4bp compared to KFW Sep27 which is the
equivalent of MS-20.5bp before primary market concession". 
- Bouvet is expecting the issue to find good demand despite the competition from
other deals in January, mainly because of a concession to swaps and Bunds.
Bouvet's expectation is for "the deal to raise EUR 3-5bn which is the range of
new 10Y KFW issues in the past three years"

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