In the latest edition of their Covered bond Sentiment Index (CSI), Crédit Agricole CIB analysts Florian Eichert and Stephan Dorner found investor sentiment at an all-time low – although the issuer index is close to an all-time high.

Florian Eichert, Senior Covered Bond Analyst at Crédit Agricole CIB, explores how Nordic investors’ growing readiness to look at peripheral credits could be frustrated by delays in reopening credit lines, while supply from local credits is held back by regulatory noises.