All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIGCovered Bonds

Peripheral angst gathers

Secondary market covered bond trading activity is clearly biased to the sell side with weakness in Italian and Spanish government bonds, undermining spreads in those regions, but selective French bonds are also weaker. However, price action has been more heavily influenced in the belly of the curve, and the wings have held in. Bund yields continue to trend lower amidst hopes of a trend reversal.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree