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2021/11/24 / Erste Group Research

Steigende Neuinfektionen erhöhen die Unsicherheit

Die vierte Corona-Welle geht an den Kreditmärkten nicht spurlos vorbei. Aktienmarktvolatilität und die CDS-Indizes sind wieder nach oben gerichtet.

In den nächsten Tagen und Wochen gehen wir von einer volatilen Entwicklung der Risikoaufschläge im Corporate Bond-Segment aus, was vor allem auch den Aufwärtsdruck auf die schwächer gerateten Anleihen erhöhen könnte.

Die Pandemie dämpft derzeit auch die Konjunkturerwartungen. Eine Verlangsamung des Wirtschaftswachstums im letzten Quartal 2021 ist wahrscheinlicher geworden.

Die Prognose für die spekulative Ausfallsrate in Europa bleibt infolge der Pandemie und der Lieferketten-Problematik mit Risiko behaftet.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-


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