Vdp breaks ranks with market-making push

31 Jul 2008

The Association of German Pfandbrief Banks (Vdp) has told banks that it expects them to resume inter-dealer market-making on September 1, quoting prices for tickets with a minimum size of Eu15m at triple normal bid/offer spreads for jumbos of two years or longer, irrespective of spread level.

The move ...

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