UK bonds steady after Moody’s; Spain & Italy wider
Moody’s placed 14 UK banks on review for a downgrade, but because the covered bond market is technically short, spreads have barely reacted. Italian and Spanish covered bonds have seen better selling lately after weakness in the government market, but government bonds have underperformed.
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