Ireland steadies as Portuguese bids disappear
Portuguese covered bonds are currently offered in the secondary market with no bid amid spread indications that are broadly wider by 30bp-40bp since Friday’s close. By contrast, a line in the sand has been drawn under the problems of Irish banks, which have quantified their expected losses and their covered bonds are starting to see interest in small clips of Eu2m-Eu3m.
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