European covered bond market: Seeking cover

With a blockbuster issue from Washington Mutual and more U.S. borrowers knocking at the door, the European covered bond market is going global.

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10 Jan 2007

Ben McLannahan

Investors have been nervously eyeing the U.S. housing market recently for clues about the health of the American economy and prospects for stock and bond prices around the world. But when offered a chance to buy a piece of the country’s mortgage market through a first-ever issue of covered bonds from a U.S.

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