Covered Bonds
-
Conclusive US election result and rate product woes open pre-funding options to banks -
Historic spread shift smacks valuations after German government falls apart. Market at 'most critical moment in 20 years'
-
Three issuers hit the market on Thursday, as pipeline builds for next week
-
German political instability push Bunds yields up, reducing prospects of a covered bond revival
-
Victory for Donald Trump sparks debate over how ECB will respond to tariffs
-
Investors likely to shun covered bonds for similarly priced — but better treated — SSA deals
-
◆ French firm takes €1bn a day before the US goes to the polls ◆ Investors looking for attractive French covered bonds ◆ French deals are tight to OATs despite high spreads
-
-
Domestic names rush to hit the market ahead of expected volatility next week
-
Wider swap spreads provide French covered bonds a buffer against competing SSA levels
-
◆ Bund-swap spread hits single digits ◆ Tight levels put pressure on Pfandbrief spreads ◆ Further 'expensive' covered supply unlikely
-
◆ Low redemptions led to lower supply in 2024 ◆ Canadian banks could return to refi ◆ Dollar supply to more than double in 2025
