Investor-placed securitization issuance for August 2024 was €6.3 billion--the lowest monthly volume of the year so far but still at a post-crisis high for the month of August. Following ongoing strong activity, overall year-to-date (YTD) issuance by the end of August had reached more than €92 billion, comfortably exceeding the previous post-global financial crisis YTD high of €68 billion in 2018. European benchmark covered bond issuance in August was €7.6 billion--slightly down from August 2023, but still above the 10-year average for the month. Cumulative issuance reached €119 billion YTD. This is down 15% from the first eight months of 2023 when issuance was at a decade high.