Swiss spreads come in, deals come out.

BNP Paribas reopened the Swiss mortgage covered bond market on Monday, taking advantage of tightening spreads and a steepening yield curve to issue a six year deal. Also on Monday, Rabobank printed seven year paper at mid-swaps plus 70bp, some 30bp tighter than its four year level in January. Read EuroWeek on Friday to find out if the positive mood for financials continues.