Investor-placed securitization issuance for October 2024 was close to €18 billion--the second-highest monthly volume of the year so far. Overall year-to-date issuance by the end of October had reached nearly €127 billion, comfortably exceeding even the most recent full-year high of €114 billion in 2021. European benchmark covered bond issuance in October was €11.2 billion--about the 10-year average for the month. Cumulative issuance reached €143 billion year-to-date. This is down 10% on the same period in 2023 when issuance was at a decade high.