Covered spreads stabilise amid ECB buying and capital relief
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Covered spreads stabilise amid ECB buying and capital relief

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Covered bond spreads have begun to stabilise with the help of European Central Bank secondary market purchases and a few bank investors. Although the market is still offered, secondary spreads are falling into line with where recent primary deals are trading. And, following the ECB’s decision to improve capital treatment of market risk, there are hopes bid side liquidity will improve.

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