Covered bonds dominate but 'handle with care'

摘要

Six banks raised a combined €8.63bn in euro covered funding last week, though secondary performance was muted after the transactions received a mixed reception from investors. The covered bond sector typically spearheads financial issuance and this year was no exception. While more supply is just around the corner - CREDIT AGRICOLE HOME LOAN SFH is already lining up an eight-year for this week - supply fell short of the €12.75bn raised in the same period last year.