Charts

Reuters has produced a bar chart showing monthly issuance of covered bonds in the Eurozone from January 2008 through October 2009.  It is intended to show the effect on issuance of the announcement in July of this year that the European Central Bank (ECB) was planning to purchase up to €60 billion (USD $89.047 billion) in covered bonds over a period of time.

To view the bar chart on the Reuters website, click here.

Yes, we know—there are already dozens of charts floating around that compare/contrast the key features of covered bonds with ABS/MBS.  The most frequently cited differences for covered bonds relate to dynamic cover pools, dual recourse, reduced prepayment risks, and on-balance sheet obligations.