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Demand up since 'liberation day' as French firms satisfy bid for quality
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
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But rates uncertainty to keep borrowers away from the long end
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Index will use levels from PricingDirect
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Issuers will be hoping to pre-empt January's likely spread widening
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Relieved market enjoys a rally, but weaker names are still out of favour
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An OBG repricing may draw demand, especially after budget talks are finalised
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Pipeline builds for November as liquidity bottlenecks feared in 2024