Covered bond bankers upbeat as end of CBPP3 nears
Delegates attending the 10th annual IMN covered bond conference in London on Tuesday were unperturbed by the possible end of the ECB's covered bond purchase programme (CBPP3).
Several hundred delegates attended the first panel session, which focused on the impact of the end of CBPP3.Asked where core European spreads would be in April 2018, just under 40% of the audience forecast a 5bp-10bp widening. This compared with about 20% who thought spreads could widen ...
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