Issuers still looking but multi-Cédulas rally fades
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Covered Bonds

Issuers still looking but multi-Cédulas rally fades

Bankers hope for more covered bond deals this week, though they do not expect the wave of primary issuance to continue. The secondary market is well supported, especially for peripheral names, though the multi-Cédulas rally has lost momentum and the sector could be susceptible to profit taking.

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