Pre-migration untagged articles

The euro swaps curve continued to steepen this week, though at a much reduced pace from last week. The 2s/10s edged out to 60.75bp at the close yesterday (Wednesday), about 1.75bp steeper than a week ago.

In the past, we haven't always been complimentary about the achievements of Rolf Breuer, who has announced that he will shortly step down as chairman of the supervisory board of Deutsche Bank.

Some European financial institutions tried to take advantage of the lack of supply in this shortened week before the Easter weekend and squeeze out bonds, but it was still hard for them to gain attention.

Hypo Pfandbrief Bank International had the covered bond market to itself this week, but market sentiment was so poor that even the first large issue of lettres de gage publiques for almost three years failed to generate much excitement.