Topic

Covered bonds

Bank-issued debt that keeps recourse to the issuer while also being secured on a segregated pool of mortgages or public-sector loans, governed in the EU by national covered bond law and harmonised European rules.

Current clusters

invest1 publisher

French covered bonds undercut their own sovereign by at most 13 basis points

Bonds secured on French mortgage pools have priced inside OATs all year, by 6 to 13 basis points. France's ten-year still pays 90 over Germany, so the collateral takes back a seventh of that at best.

Publishers:cryptobriefing.com

Reality

Evidence30
Adoption30
Hype gap+40
Incentives55
Confidence55