Covered Bonds
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The short labelled deal from Nordea was exactly what buyers wanted
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All the deals went well, but could have gone better given scarcity and the juicy spread
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Higher rates amplify asset class' attractiveness as summer break comes to an end
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Offshore pair eye diversification with sterling and Swiss franc covered deals
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Trio of borrowers add to busy dealflow — with more to come
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Covered bonds, often lauded for the dullness, are about to get interesting
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Covered and senior funders slipped into Swiss market ahead of what is set to be a busy few weeks for supply
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German issuer de-risked the trade but deals next week may say more about sentiment
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German issuers lining up themed follow-on new issues
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Investors are ‘keeping their powder dry’ for September
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Steep rise in yields since mid-July is expected to draw in real money