The sovereign spent a quiet day (unlike Wednesday), finishing broadly unchanged amid some demand for B30. Warrants took a step back (-1.25pt), perhaps as enthusiasm around C32’s valuation dissipated a little, but also as there seemed to a be a certain pushback from the holders of As and Bs to the restructuring terms. Corporates were uneventful too, with light two-way flow in METINV 27, 29 and MHP 29.