Investor-placed securitization issuance for June 2024 was €10.8 billion—down from the post-crisis record of May but still substantially higher than the €4.5 billion total from June 2023. Following strong activity over the past several months, overall issuance in the first half of the year was more than €75 billion, comfortably exceeding the previous post-crisis record of €56 billion in 2018. European benchmark covered bond issuance was strong earlier in the year but stalled significantly in June due to wider market volatility around the snap election called in France. Benchmark issuance in June was only €4.4 billion—at least a 10-year low for the month. Cumulative issuance reached €107 billion in the first half of 2024.