Intercontinental Exchange Inc. rejected a proposal to include debt issued by the European Union in its government bond benchmarks, the latest blow to the bloc’s quest to attract a larger pool of investors, Bloomberg News reported. The index provider and owner of the New York Stock Exchange said it wouldn’t alter its definition of a sovereign issuer, which would have allowed for the change. The decision follows a similar move by MSCI Inc. in June. It’s a setback for the EU, which has been lobbying to reclassify its bonds since the end of last year.
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