Low covered bond yields reach ‘critical’ levels
Traders told GlobalCapital this week that low yield levels were ‘starting to become a problem’ for covered bond buyers, following a sustained rally in rates, adding that it was extremely hard to find offers on bonds in many parts of the market.
The covered bond market is still in good overall shape, with a large recent seller of SR Boligkreditt’s January 2023s failing to cause a ripple, a trader told GlobalCapital on Tuesday.“These older and more expensive bonds are more difficult to resell, but it seems the Street is ...
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