Covered bond investors will struggle to match 2019 performance

By Bill Thornhill
27 Nov 2019

Covered bond investors have had a stellar year but are unlikely to match that performance in 2020. They will be relying upon healthy new issue premiums and a steady supply of higher yielding, non-standard deals to stand a chance of making good returns.

10 year Bund yields look set to finish the year around 70bp below where they started, and with covered bond spreads in the region of 15bp-20bp tighter against mid-swaps across the board, investors that follow the Markit iBoxx Euro Covered Total Return Index - EUR would have posted ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.