New issuance fades as volatility persists

December 01, 2010 12:00 am

Benchmark covered bond issuance may have ended for the year, amid persistent market volatility and increasing illiquidity. Syndicate officials have been cautious in pronouncing the market closed until 2011 and do not rule out the emergence of a smaller, specifically tailored deal. But several have questioned the prudence of issuing in the current environment and do not expect any further benchmark primary market activity until the New Year. Read EuroWeek on Friday to find out more.

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