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Pfandbrief spread forecast

The swap spreads of Pfandbriefe also widened slightly at the start of the new year. Thanks to attractive new issue premiums on the primary market, issuers have also made longer maturities marketable again and transactions by issuers without a track record were also well received.

The Pfandbrief swap spreads

29 Participants

  • 24

    have now reached their maximum and are entering a pronounced sideways movement

  • 24

    will widen even further

  • 52

    narrow again during the year