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The euro covered bond market took a back seat to the dollar market this week, but supply will pick up next week as Achmea Hypotheek, Hypothekenbank in Essen and IM Cedulas 10 hit the market.
Achmea is expected to choose an intermediate maturity for its inaugural issue, and Essenhyp is also expected to tap the middle of the curve, while IM Cedulas 10 will be a 15 year issue.
Nationwide has joined the pipeline, with a two tranche deal expected the...