Multi-Cédulas comes back in favour after downgrades

By Bill Thornhill
08 May 2014

The covered bond market was in good shape on Wednesday as bankers reported renewed interest in peripheral names and the multi-Cédulas sector. The primary market is expected to pick up next week as Scandinavian and German issuers line up.

Bankers said that the covered bond market was firm on Wednesday with good buying reported in the Italy 10 year sector as investors sought to extend duration.

Interest in the long end was also reported in French covered bonds. Elsewhere, buyers of Irish and Portuguese bonds were ...

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