CBPP3 and Pfandbrief Spreads - perspective until year end 2019

In early November, the ECB resumed purchases of covered bonds under CBPP3.

What effects do you see on swap spreads by the end of 2019?

29 Participant

  • 21

    none

  • 10

    widening

  • 66

    moderate narrowing

  • 3

    strong tightening