BWICs close out Easter week

摘要

A selection of BWICs punctuated a quiet week, with activity unsurprisingly stymied by the quarter-end and the Easter holiday. But the coming sessions could see better flow as dealers that have built up inventory return to the market. Dutch RMBS continued to trade tight, with covers on one BWIC down to as low as 16bp for three-year paper. The list included €8m of arena 2012-1A2, which covered at a price of 102.623 and a margin of 16bp with a 2.6-year average life. There was also €12m of dutch MBS (ⅩⅧ) A2 at 101.955, a margin of 25bp with an average life of 2.7 years.