Covered Bonds

European banks well-insulated from tariff talk, but negative sentiment clouds pipeline

The investment bank compensation process is as much ritual as reckoning — a yearly exercise in hope, dread, and, for some, quiet fury. But while everyone’s sweats over their number, few stop to ask how it’s calculated. Here’s a blow-by-blow breakdown of what really happens behind closed doors

◆ Danish bank finds demand with Friday print ◆ Shorter tenor appeals to investors ◆ Deal lands close to fair value

Swiss franc bond market records busiest January since 2011

Come February unsecured volumes may surprise amid subdued risks, but tight pricings pose a challenge

Stubborn SSA market sets floor on covereds as regional differences evaporate

Lack of supply, not demand, will cause any slowdown in euro covered market say bankers

◆ German lender enjoys window alone ◆ Eye-catching spread attracts bumper book ◆ Deal lands close to fair value

◆ First euro covered since 2023 ◆ Double digit saving versus dollars ◆ Recent non-eurozone supply a better comp than Canadian curve

◆ Deal is BHH's last before LBBW integration ◆ Investors eager to buy but last deal status not main driver ◆ Small pick-up to SSAs

◆ Demand peaks at almost €4bn ◆ Tight print reprices Portuguese covered curve ◆ Market hopeful others will follow

Dual tranche deal set to be German lender's last ahead of its integration with LBBW