By Covered Bond Investor™ Staff
So far, 2010 is a happy new year for covered bonds, as financial news outlets are reporting with enthusiasm:
- In a column titled “Covered Bonds Set to Roar?” Richard Kemmish of the Wall Street Journal wrote (Dec. 8): “If 2009 was the year of the European corporate bond market, perhaps 2010 will be the year of the European covered bond market.”
- A news story from Dow Jones’ Mark Brown and Michael Wilson struck a similar note: “The market for covered bonds … is off to a roaring start in 2010.”
- Meanwhile, the headline of a Bloomberg article by Sonja Cheung and Caroline Hyde trumpeted: “Covered Bond Sales Soar to 3-Month High, Lead European Issuance.”
Bloomberg pegged covered bond sales so far this year [as of January 8] at €12 billion (more than USD $17 billion) – about 30 times the volume over the same period in 2009. READ MORE>>
http://www.coveredbondinvestor.com/news/covered-bonds-soar-and-roar-new-year