A SUPPLEMENT TO EUROMONEY/FEBRUARY: MARKETS 1998
Emu is just three dinner parties away for one senior European banker. That doesn’t mean he has a barren social diary – his reference date for the single currency is not January 1 1999 but May 1 1998. That’s when countries to be included in phase one of European monetary and economic union will be announced, with bilateral exchange rates set two days later. Market participants reckon it’s the pivotal date in the Eurobond market calendar.
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