Goodbye negative yields – 10 hot topics for the summer

Fixed Income Boutique
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Global Credit Outlook

In the Northern hemisphere the summer has arrived. According to Europ Assistance Group’s Holiday Barometer, 72% of Europeans feel “really excited to travel” or “happy to travel” this year. Freezing winter temperatures are forgotten and millions of beach bags are being packed with sun lotion and swimsuits.

The portfolio managers of our Global Corporate Bond fund Christian and Marc, together with our credit analyst Pam, have noticed this change of temperatures also in the global investment-grade bond space, where negative yields seem to be a thing of the past like last winter’s snow.

Continuing with our tradition of the Top-10 topics, Christian, Marc, and Pam packed the hottest ones into the deck you can download by clicking the button below. As always, the “bag” is being packed in a structured way following the four main driving factors for global credit that the Global Corporate Bond monthly scorecard evaluates: Macro- and Microeconomics, Technical factors and Valuations.

With spreads and yields at multi-year highs, especially compared to historically low default rates, Christian, Marc, and Pam are finding interesting opportunities under current market conditions such as low-cash bonds or primary market deals with attractive new-issue premia. Would you like to know more? It is just one click away.  






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