Redemptions boost June hopes, Skipton joins queue
“Spring being a tough act to follow, God created June,” quipped American boxing analyst Al Bernstein, and June will have a tough task repeating May’s Eu20bn of new issues. Market participants were confident that last Month’s pace could be maintained, although they were encouraged by redemption levels rather than divine providence. Meanwhile there were further hints of growing supply in the UK as another building society registered its programme.
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