Secondary conditions ‘not far from disorderly’

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Secondary conditions ‘not far from disorderly’

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Businessman looking down at the falling red arrow destroying concrete barrier | Sergey Nivens - Fotolia

The secondary market for covered bonds remains weak and, according to one trader, conditions are “not far from disorderly”. All jurisdictions and tenors are under pressure as borrowers have “no incentive to defer planned new issues”, said analysts at DZ Bank.

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