Covered Bonds

Banks enjoyed a strong start to their 2024 euro funding, securing much needed duration without having to pay eye-watering premiums. But conditions worsened and issuers slunk back down the curve as elections dictated market sentiment, writes Frank Jackman

SSA bond spreads widened dramatically against swaps in the latter part of 2024 and market participants are fearful that this will exert pressure on covered bond issuers next year. But on a positive note, several first-time issuers are anticipated to light up the market, writes Frank Jackman

€19bn of Cédulas will mature next year — but not all will be refinanced

CEE covered bonds are at historic tights over core Europe

Mortgage reforms that will support Canadian covered demand are coming soon

◆ French government collapse scrambles bond market ◆ What next for French corporate, FIG, covered bond and public sector bond issuers? ◆ ECB Trials on distributed ledger technology: the verdict

Debutante attracts strong demand as Swiss market gears up for another rate cut next week

Dog risk rises for new year as issuers consider dicey covered bond execution

Issuers face paying higher new issue concessions in January

Programmatic French funders cannot afford to wait for stabilité

Bund-swap moves will put tight Nordic spreads under pressure next year

One large borrower that did not issue this year may return to the market