Covered Bond & RMBS Comment – Appetite tested for 15y Spanish covered bond

Total supply reached EUR 79bn this week, net supply EUR 4bn negative Strong investor appetite at very long end of curve now tested by Caixabank It set guidance for minimum of EUR 300mn 15y deal at ms +33bps… …which looks expensive We looked at switches out of CBPP3 paper...

Continue reading at ABN AMRO →