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Supply expected to skew shorter after recent borrowers opted for the long end
When it seems as if it is only short-term survival that matters, the best bankers don’t lose sight of the distant horizon
◆ Book holds firm throughout pricing ◆ Recent comps lead to different fair value assessments ◆ 3% coupon appeals to high quality investors
Sub-sections
Sub-sections
Deal reviews
◆ Book holds firm throughout pricing ◆ Recent comps lead to different fair value assessments ◆ 3% coupon appeals to high quality investors
◆ 10 year 'surprise' reopens euro covered market ◆ Concession needed to seal the deal ◆ Trade lands through OATs
◆ Finnish deal delivers size ◆ Trade already spotted tighter in secondary ◆ Finnish supply lagging 2024 year to date
◆ Shorter deal proves more popular ◆ Both tranches price near the same Bund spread ◆ Small pick up to Länder offered
Opinion
When it seems as if it is only short-term survival that matters, the best bankers don’t lose sight of the distant horizon
Flash signs that financial markets were heading for a funding crisis are what spooked traders
As bank chiefs push for a full-time return to the office, it raises the question of whether this is about productivity, or is it a retreat to the old habit of equating presence with performance?
No reason for banks to fear going tighter still
Analysis
Supply expected to skew shorter after recent borrowers opted for the long end
Intraday alll the way as eurozone and non-eurozone covered issuers consider market
Loss of LCR eligibility could hit sterling covered demand, but issuers expected still to come
Recent Länder trades shed some light on primary market for covered bonds
More articles
More articles
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