Covereds fall out of favour as Bund-swap spread turns negative

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Covereds fall out of favour as Bund-swap spread turns negative

Berlin, Deutschland. 07th Nov, 2024. Olaf Scholz (SPD), Federal Chancellor, in Bellevue Palace at the dismissal of Minister Lindner by the Federal President. Berlin, October 8, 2024. Credit: dpa/Alamy Live News

German political instability push Bunds yields up, reducing prospects of a covered bond revival

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