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Market welcomes the move, but the tone around non-UK covered bonds is set to remain 'cautious'
Duration on the cards for senior funders, with covered bonds set to skew short
Supply expected to skew shorter after recent borrowers opted for the long end
Intraday alll the way as eurozone and non-eurozone covered issuers consider market
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High spread deals are harnessing bumper demand -
Convincing banks to print is the barrier to issuance
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Handful of covered and unsecured deals could arrive early next week
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Issuance to pick up, but funding officials could favour more attractive senior unsecured deals
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Issuers may be lured to refinance maturing Pfandbriefe amid benign funding conditions
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Central bank meetings suppress weekly covered bond volumes to their second lowest levels this year
