Covereds price tight as ECB squeeze gets under way
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Covered Bonds

Covereds price tight as ECB squeeze gets under way

Covered bonds issued this week by Axa Bank and Lansforsakringar Hypotek (LF Hyp) were priced at — or inside — fair value, partly reflecting a technical squeeze that was aggravated by the European Central Bank’s move to step up purchases in the secondary market.

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