Covered Bonds
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Long end deals could be on the cards for brave Benelux borrowers
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Investors and issuers unlikely to reshape plans to capitalise on wide covered levels
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Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
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The higher one climbs the investment banking ladder, the less science seems to be applied to recruitment. While trainees must suffer weeks of formal recruitment process, the biggest P&L drivers are more likely to be tapped up down the pub
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Investors are unlikely to buy large new issues at the current tight spreads
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◆ EU budget ambition to cement issuer status ◆ French spreads ◆ Finally, the European bond market's consolidated tape
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Budget induced volatility could push OATs above covered spreads across the curve
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Strong corporate demand bodes well for the rest of the credit market
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BPM spreads 'unlikely' to widen as issuer remains 'a takeover target'
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◆ First offshore deal in sterling since PRA debacle in April ◆ Canadian undersupply driving demand ◆ Euro still better despite the UK Treasury's equivalence plans
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The untested youth of the blockchain market, as well as the lack of a regulatory framework, could put off widespread adoption
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◆ UK rule change cheers covered bonds... ◆ ... as it shelves Taxonomy plans amid wider transition shift ◆ Digital markets: what makes a swap smart