ECB: don’t bother
A rumoured second round of ECB bond purchasing has breathed life into what had been a dormant covered bond market — but don’t get too excited. Curiously, even with this week’s supply, September issuance is going to fall short of September 2008 when Lehman collapsed. That should tell you something.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: