Core covered bonds show value despite tapering expectations
Investors believe core covered bond spreads have the scope to tighten. but the underlying mood is still fragile, investors lack confidence and are fearful that volatility will return, especially in the peripheral markets. There is also a risk that the European Central Bank proves to be more hawkish than expected at this Thursday’s policy meeting.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: