Peripheral and UK covered bonds have weakened amid broader deterioration in credit market conditions. But with activity muted the main focus is on Tuesday’s Euromoney/ECBC Covered Bond Forum in Toronto.
The sharp fall in global equity markets last week hit financial institutions across the European credit spectrum, resulting in a 4bp widening, to 91bp, in IHS Markit’s iTraxx Europe Senior Financials index. By the end of May the index finished 22bp wider than at the start of the
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