News, analysis, data

Lloyds buyback crystallises negative UK supply dynamics

Posted on 21 May 2020


Lloyds Bank highlighted the negative net UK supply likely in the wake of the BoE’s TFSME facility when on Tuesday it launched a tender for an unspecified amount of around £16bn of covered bonds across euros, sterling and dollars, triggering tightening of as much as 10bp in some UK issues...

The page you have requested is available to registered users only.

Please log in to read the rest of this article and view the full site.

Log in

If you have forgotten your password, please enter the e-mail address you entered when registering for the site into the "reset password" box. You will then be sent a new password to enter on the next page, where you will also be given the option of choosing a new, more memorable password.

Reset password

If registering, you will be sent an e-mail confirming your username and password on pressing "register", as well as being taken to the homepage. If you have any problems accessing the site, please follow the link in the mail.

Register

Recent headlines:

Fitch ups NBG benchmark to BBB+, Piraeus covered to BB+

Lloyds buyback crystallises negative UK supply dynamics

Ultra-low rates drive Nykredit landmark above DKK100bn

Steady as she goes for PEPP, APP and CBPP3

In brief: LHV tees up sub-benchmark debut with investor calls

BPCE bags historic book to reopen 10s as stars align

BPCE SFH set to test 10s with green covered debut

Hypo Noe extends after tightening, mindful of possible second wave

NN cites growth, CPT limits, criteria shifts in soft move

CBPP3 rebounds as record QE shows ECB undeterred

Hypo Noe 7s hit the spot to ratchet spreads tighter

NBG cites value of covered in Greek story as new crisis hits

The Greek economy in 2020: Pre-Covid-19, crisis impact, and outlook

Hypo Noe to break French, Canadian stranglehold

Puzzling CBPP3 low fuels PEPP buying speculation

HSBC Canada reopens USD at tighter level, bigger book

PKO BH builds on leading covered position in green

HSBC Canada set to reopen dollars at healthier levels

Moderate May supply pick-up foreseen as spreads tighten

ECBCs Dierick and Bertalot: Covered a part of the solution

Prospect of PEPP disclosures welcomed, TLTRO cut, less so