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Structured covered bond will offer far higher spread than recent deals from Australia, Canada and Europe
Non-European deals stay defensive in the short end, but Stadshypotek shows there is demand at five years
Covered bonds to dominate issuance as spreads tighten, as senior deals require broader stability
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Icelandic lender succeeds despite weaker sentiment in market
Caffil was focused on spread and met its minimum size ambition
Three banks competed for attention in the same tenor
Demand was nearly three times higher than the issuer’s previous deal
Snap back of risk appetite has driven up Bund yields, squashing the spread to swaps
Credit Suisse woes and rate volatility put off hopes of rekindling issuance
Swap hedging costs have spiralled, dampening market activity
Supranationals and agencies expected to perform versus sovereigns
The ECB has buttressed its inflation fighting credentials, showing its confidence in financial stability after a week of market turmoil when many begged it to change course
Ballooning net supply bodes poorly for European government bonds
Numerous explanations abound for why appetite for risk is so strong but the truth may be more nuanced
Spreads to stay supported as volatility abounds amid ECB rate rise
Covered bond flows are expected to resume after ECB's meeting
The market is in fine fettle but this is based on a delicate balance
Deals will offer sharply different spreads but both expected to find strong demand
More articles
More articles
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Issuers in several countries are making enquiries about offering three year deals
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Aggressive widening of bank bond spreads has halted FIG bond issuance of all kinds in Europe
