US banks pay for covered charge
At the recent Euromoney US Covered Bond Conference in New York there was a clear sense of excitement among investors, bankers and market commentators about the future of covered bonds. What used to be principally a German backwater has become, over the past decade, the biggest, most liquid and highest-rated part of the non-sovereign bond market in Europe. New markets and new segments of existing ones are opening all the time.
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