Covered bonds set to perform, but beware the Fed

By Bill Thornhill
21 Aug 2014

Covered bonds are expected to tighten, as the fall in Bund yields and expectations of lower supply boost sentiment.

This week dealers reported strong buying of peripheral bonds and investors said they were comfortable holding existing long positions of one of the most blighted sectors of the Spanish covered bond market, the multi-Cédulas sector. But, with US interest rates ...

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