Covered bond supply eyed for short week ahead

Oil pipeline 230x150
By Bill Thornhill
03 May 2019

Covered bond supply is possible next week with core issuance in the ultra-long end and UK supply in the intermediate to long-end looking promising — despite holidays in the UK and France.

Strong deals issued by Yorkshire Building Society (YBS) and Santander this week suggest the market is highly receptive. But with the UK off on Monday and France on holiday on Wednesday, the funding window next week is relatively limited.

Banks are beginning to emerge from ...

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