CFF goes tight in issuers’ market

The covered bond market enjoyed a spurt of activity on Friday after weeks of very little issuance with Compagnie de Financement Foncier, Crédit Mutuel-CIC and Belfius following on the heels of Sparebank 1 Boligkreditt last week. But the flurry could well presage another dry spell, as there are only two weeks to go before markets effectively start closing down for year end.