Covered bond supply to fall again in 2018, or maybe not
After declining this year, analysts at LBBW research expect covered bond supply will weaken again in 2018 largely driven by a steep fall in redemptions. Their forecast is broadly in line with analysts at Commerzbank and UniCredit, but more pessimistic than forecasts made by analysts at Société Générale, Crédit Agricole and JP Morgan.
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