In parallel with the discussions around the European Union becoming a sovereign status issuer, there is another debate on whether EU bonds will become a pricing reference and benchmark for the rest of the continent. This comes as part of the EU’s objective to become a safe and liquid asset for the European capital markets. ‘The question for me is: are they a spread product or do they become a reference product?’ said Neil Murray, chief investment officer, fixed income at Abu Dhabi Investment Authority, speaking at OMFIF’s EU bonds summit in Dubai. ‘Do they become the reference product for Europe in the same way the ... (full story)