Duration tops spread for 'biggest role' to play in covered bonds
The widening spread impact of lower European Central Bank covered bond purchases has been a key focal point for the market for most of this year but, given much greater rates volatility, duration has a more important role to play, according to one major covered bond investor.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts