External broker reports, Nordea

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External broker reports

External broker reports(aggregated public sources)

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FX & Rates

<ul><li>Analysis of key developments in the Swedish covered bond market, including comprehensive data and charts on SEK covered bond market activity and pricing.</li><li>When we return after the summer holidays for the second half of the year, we can summarize the first seven months as being fairly busy.</li><li>Coming into this year, the bar was set high with a full-year estimate of ~425bn. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Analysis of key developments in the Swedish covered bond market, including comprehensive data and charts on SEK covered bond market activity and pricing.When we return after the summer holidays for the second half of the year, we can summarize the first seven months as being fairly busy.Coming into this year, the bar was set high with a full-year estimate of ~425bn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The annual growth rate for housing loans increased by 0.1 percentage point in May to 3.2%.</li><li>The share of mortgages with floating rates remained unchanged at 76%.June saw SEK 21.8bn issued in benchmark covered bonds, bringing the month below average for June in the past decade.</li><li>Year-to-date however, issuance tracks in the upper range, with 277.2bn issued so far this year, or 2/3 of the issuers' 2026 estimates.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The annual growth rate for housing loans increased by 0.1 percentage point in May to 3.2%.The share of mortgages with floating rates remained unchanged at 76%.June saw SEK 21.8bn issued in benchmark covered bonds, bringing the month below average for June in the past decade.Year-to-date however, issuance tracks in the upper range, with 277.2bn issued so far this year, or 2/3 of the issuers' 2026 estimates.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The annual growth rate of housing loans was largely unchanged at 3.1% compared with the previous month.</li><li>The share of mortgages with floating rates increased by 1 percentage point to 76%.</li><li>May saw SEK 50.9 billion issued in benchmark covered bonds, representing the highest amount for May in the past decade.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The annual growth rate of housing loans was largely unchanged at 3.1% compared with the previous month.The share of mortgages with floating rates increased by 1 percentage point to 76%.May saw SEK 50.9 billion issued in benchmark covered bonds, representing the highest amount for May in the past decade.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The Debt Office (SNDO) revised up the budget deficit for this year by around SEK 20bn to SEK -196bn (net borrowing requirement with reverse sign).</li><li>For 2027, the SNDO expects the budget deficit to amount to SEK -208bn (previously -194bn).</li><li>The budget deficit was slightly higher than our call and forecast deviation is mainly attributed to the weaker economic outlook projected by the SNDO.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Debt Office (SNDO) revised up the budget deficit for this year by around SEK 20bn to SEK -196bn (net borrowing requirement with reverse sign).For 2027, the SNDO expects the budget deficit to amount to SEK -208bn (previously -194bn).The budget deficit was slightly higher than our call and forecast deviation is mainly attributed to the weaker economic outlook projected by the SNDO.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SNDO report May 2026 review: More borrowing, more supply

<ul><li>This week Danske Hypotek is issuing their new covered bond, the DH #3112 (SE0028329300), with first day of trading scheduled for tomorrow 4/16.</li><li>We see fair value for the new DH #3112 at +36 bps ASW SBAB had a successful and oversubscribed syndication of their new 5y #152 yesterday, which printed at +32 and got tapped at +30.5 this morning.</li><li>The new DH bond is expected to find good reception among spread buyers given the current market conditions and the established trading levels of similar Swedish covered bond issuances</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

This week Danske Hypotek is issuing their new covered bond, the DH #3112 (SE0028329300), with first day of trading scheduled for tomorrow 4/16.We see fair value for the new DH #3112 at +36 bps ASW SBAB had a successful and oversubscribed syndication of their new 5y #152 yesterday, which printed at +32 and got tapped at +30.5 this morning.The new DH bond is expected to find good reception among spread buyers given the current market conditions and the established trading levels of similar Swedish covered bond issuancesContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SEK Covered: New 5.5-year benchmark from Danske Hypotek

Sweden

The Swedish krona is the official currency of Sweden

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SEK (USDSEK CURNCY)

SEK Covered Monthly: July 2026

Analysis of key developments in the Swedish covered bond market, including comprehensive data and charts on SEK covered bond market activity and...

Nordea

SEK Covered Monthly: June 2026

The share of mortgages with floating rates remained unchanged at 76%.June saw SEK 21.8bn issued in benchmark covered bonds, bringing the month...

Nordea

SEK Covered Monthly: May 2026

The annual growth rate of housing loans was largely unchanged at 3.1% compared with the previous month.The share of mortgages with floating rates...

Nordea

SNDO report May 2026 review: More borrowing, more supply

The budget deficit was slightly higher than our call and forecast deviation is mainly attributed to the weaker economic outlook projected by the SNDO.

Nordea

SEK Covered: New 5.5-year benchmark from Danske Hypotek

This week Danske Hypotek is issuing their new covered bond, the DH #3112 (SE0028329300), with first day of trading scheduled for tomorrow 4/16.

Nordea

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