External broker reports, Nordea

Nordea

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External broker reports

External broker reports(aggregated public sources)

Macroeconomics

<ul><li>The prices of refinancing bonds are currently marginally higher than the average of the month before the notice deadline of May 1, and therefore there is no reason to believe anything other than that prepayments for the October payment date will be slightly lower than what we have seen for this payment date, which is due to the burnout effect.</li><li>With one week left of the notice window and the summer holiday, there is limited scope for developments that could change this outlook.</li><li>I also do not believe in a large number of refinancing from callable to bullet/float at current interest rate levels, which I have described in the latest Bonds &amp; Bold published before the summer holiday.</li></ul><p><em>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.</em></p>

The prices of refinancing bonds are currently marginally higher than the average of the month before the notice deadline of May 1, and therefore there is no reason to believe anything other than that prepayments for the October payment date will be slightly lower than what we have seen for this payment date, which is due to the burnout effect.With one week left of the notice window and the summer holiday, there is limited scope for developments that could change this outlook.I also do not believe in a large number of refinancing from callable to bullet/float at current interest rate levels, which I have described in the latest Bonds &amp; Bold published before the summer holiday.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.

Quarterly reestimation of Nordea's Prepayment Model