Covered Bonds

Market participants recall NIP increases triggered by Trump's 'liberation day' tariffs

French bank retains overall top spot in euro market, Crédit Agricole leads in senior and JP Morgan in third-party capital sales

Norinchukin Bank markets dollar Global, but new deal's effects on European market are uncertain

Market participants argue that market uncertainty makes shorter tenors more palatable for investors

Investors, issuers and bankers will be watching the performance of German and Austrian government bond issues for signals

It's easy for investment bankers to get jaded about awards ceremonies, but they are missing the point

Meanwhile, BNP Paribas hires in structured finance

Shrinking spreads between the two asset classes have left investors asking if the risk of senior debt is worth it

◆ Thursday's only covered deal, possibly February's last ◆ French issuer likes dual tranche format ◆ 'Disconnect' between primary and secondary markets apparent, says banker

◆ NAB executed at 30bp over mid-swaps threshold ◆ Banker said deal was 'in line with what was expected' ◆ Leads chose three Canadian covereds as comps

◆ Issuer's largest covered deal at its tightest spread ◆ Banker said Korean lender is ‘well-liked’ by investors ◆ Pricing seen at fair value despite 'scarce liquidity' in secondary curve

◆ Italian bank placed bond after tightening 7bp ◆ Banker said paucity of Italian covereds helped ◆ Covered market has slowed despite strong performance