Adel Ahmed
Portfolio Management
4 years investment experience
London
TwentyFour Asset Management LLP
20 Fenchurch Street 4th floor
EC3M 3BY London
United Kingdom
TwentyFour
Despite tight spreads, European HY is not overheating
Tight spreads and elevated supply are often key signs that fixed income markets are overheating. Despite these all being present within the European High Yield market today, the underlying data points to a more measured backdrop characterised by the printing of high-quality new issues, improving credit fundamentals and a stubbornly supportive technical background, offering investors reassurance over the medium-term future of the asset class.
