GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Covered Bond Analysis

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Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
Investors are unlikely to buy large new issues at the current tight spreads
Budget induced volatility could push OATs above covered spreads across the curve
BPM spreads 'unlikely' to widen as issuer remains 'a takeover target'
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