Sterling offers 0.5% more
Sterling covered bonds offer an attractive spread pick-up compared to euros according to Pimco’s covered bond portfolio manager, Timo Boehm, who took part in the Crédit Agricole covered bond round table, Living With A Covered Bond Shortage and The Big QE Squeeze. The French bank’s research analysts agree, and said this week that sterling offers among the best returns in the covered bond market.
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