Weaker market no obstacle for jumbo issuance record
The benchmark covered bond market is today (Wednesday) breaking through the previous issuance record, with three issues in the market this morning taking the week’s total to nine. This is in spite of the asset class having suffered its most difficult spell since the flood of issuance began last week, with the heavy supply beginning to weigh on spreads. Read EuroWeek this Friday for more on this record-breaking week.
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