SEK Covered Monthly

April 2026 saw a decade-high issuance of SEK 60.2 billion in Swedish covered bonds alongside a 0.1pp rise in housing loan growth. Despite heavy supply, risk sentiment improved, causing 5-year spreads to tighten 8.5bp against swaps.

Key Takeaways

• 1.April benchmark covered bond issuance reached SEK 60.2 billion, the highest for April in ten years.
• 2.Risk sentiment improved significantly, with 5-year covered bond spreads tightening by 8.5 basis points against swaps.
• 3.Housing loan annual growth rate ticked up slightly to 3%, with 75% of mortgages remaining on floating rates.

Table of Contents

• SEK Covered Monthly: April 2026
• Marketing communication
• DISCLAIMER

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