SEK Covered Monthly

May 2026 saw record-high benchmark covered bond issuance in Sweden at SEK 50.9 billion, with most issuers hitting over half of their annual targets. Market sentiment remained strong throughout May despite some widening early in June due to geopolitical factors.

Key Takeaways

• 1.May saw SEK 50.9 billion issued in benchmark covered bonds, the highest for May in a decade, bringing year-to-date issuance to SEK 255.4 billion (60% of annual estimates).
• 2.Risk sentiment strengthened in May with 5-year covered bonds tightening 5.5 bps versus matched maturity swaps, though early June saw some widening due to Middle East tensions.

Table of Contents

• SEK Covered Monthly: May 2026
• Benchmark bonds, keyfigures and monthly/YTD changes in amounts
• DISCLAIMER