Bank funding: TLTRO to whack euro covered bond supply
by Bill Thornhill,
June 11, 2020 01:15 PM
Market participants expect European banks to take a large chunk of funding through the European Central Bank’s Targeted Longer-Term Refinancing Operations (TLTRO III) programme, hitting covered bond supply levels. But issuance in other asset classes should remain unaffected as banks follow through with their funding plans.
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