Caffil shows covered bond price sensitivity is back

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Covered Bonds

Caffil shows covered bond price sensitivity is back

Bill Thornhill
June 18, 2020 05:00 PM
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Caisse Française de Financement Local lost €700m of orders after pricing a €1bn 10 year covered bond flat to OATs on Tuesday. Axa Bank SFH offered a generous new issue concession a day later on a €500m 15 year that came well inside the French government curve.

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EuropeFranceEMEAFIGCovered Bonds
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Bill Thornhill
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