Draghi Fuels Longest Winning Streak for Covered Bonds Since 2009
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Mario Draghi is adding momentum to the longest winning streak for covered bonds in five years as the European Central Bank prepares to purchase the secured debt as part of efforts to boost the region’s economy.
Investors in the notes are poised to receive 0.43 percent in September, the ninth consecutive month of positive returns, according to Bank of America Merrill Lynch index data. That compares with the 0.11 percent earned on investment-grade company debt and a 0.26 percent loss from high-yield securities.