Records smashed across high grade bonds as investors flood in

By Bill Thornhill
24 Jan 2019

Investors are returning to the covered bond, sovereign and supranational agency (SSA) markets in their droves. Despite exceptionally heavy issuance, the startling breadth and depth of demand seen in many deals this week caught market participants off guard — not least the investors themselves. Bill Thornhill reports.

Investor acceptance of wider spreads over swaps and Bunds, since a repricing over the last quarter, means SSA and covered bond deals have been flying out the door, particularly after a pair of strong 10 year benchmarks — first from KfW then the European Investment Bank (EIB) over ...

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