US dollar
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Dollar market offers better funding conditions for non-euro funders' riskiest bank debt
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Asian, European investors pile in as bid for yield returns
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Canadians have dominated covered bond supply this year, especially BNS
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Undersupplied five year point the ‘sweet spot’ for covered deals
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Canadian province follows on from Swiss franc trade to rebuild international curves
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Three year part of the curve still popular choice in the currency
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Issuer hit screens with unfashionable maturity amid soaring US inflation but still achieved a solid trade
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Deals all land despite some reservations about maturities
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SSA issuers in the dollar market will attempt to break out of three year maturity comfort zone
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Eurofima and FMO lining up deals at same tenor
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The Swiss issuer became the first European bank to tap the dollar market following first quarter earnings when it hit the market on Tuesday