Positive yield drives LBP covered bond demand
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Positive yield drives LBP covered bond demand

Yield sign from Alamy 230x150

La Banque Postale (LBP) took advantage of a rare rise in yields to issue a positive yielding covered bond on Monday. Its tiny return was enough to ensure success and stood in contrast to the negative-yielding deals issued last week that could have been hit by European Central Bank’s deposit tiering, said bankers.

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