Covered bond supply to slow, Eurosystem will turn to secondary
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Covered Bonds

Covered bond supply to slow, Eurosystem will turn to secondary

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April 2018 was one of the heaviest Aprils in the last decade for covered bond supply, and with the Eurosystem buying less in the primary market, offers are still easy to find. But with near term supply expected to moderate and the Eurosystem potentially becoming more active in the secondary market, bankers are hopeful that spreads will stabilise.

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