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Raising Rates: EU cheapens in grey market ahead of pricing
The European Union’s last syndication of the year, set to be priced on Wednesday, should go well as it is expected to come with a generous concession to a market that has cheapened going into the sale. But after opening strongly, the bond traded down in the grey market on Tuesday.
RBC finds sizeable interest for US dollar covered bonds
US dollars, sterling and euros are delivering the cheapest bank funding
Sub-sections
Sub-sections
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Banks set to frontload with bigger deals and longer durations -
Georgian banks are expected to use covered bonds for central bank repo funding
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Reducing duration was more important than bond selection in outperforming the index
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High repayment of ECB funding will suggest elevated covered bond issuance to come
