Covered bond supply to fall again in 2018, or maybe not

Bill Thornhill

December 14, 2017 01:30 pm

Storm clouds 230x150 — A cargo ship sails across the North Sea off the coast of Whitley Bay, Tyne and Wear, as storm clouds sweep down the coast with snow forecast. | Owen Humphreys/PA Wire/Press Association Images

After declining this year, analysts at LBBW research expect covered bond supply will weaken again in 2018 largely driven by a steep fall in redemptions. Their forecast is broadly in line with analysts at Commerzbank and UniCredit, but more pessimistic than forecasts made by analysts at Société Générale, Crédit Agricole and JP Morgan.

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Topics

Europe EMEA FIG Covered Bonds

BT

Bill Thornhill