Covered supply to improve, but not spectacularly
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Covered Bonds

Covered supply to improve, but not spectacularly

Covered bond supply is likely to recover over the next week or two, particularly in core Europe where spreads to Bunds have become more attractive, which bodes well for DH Hyp’s forthcoming Pfandbrief. But for non-eurozone issuers, senior funding is likely to prove more attractive.

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