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2020/01/15 / Erste Group Research

Credit Markets Weekly | Die Zeichen stehen auf "grün"

Irans militärische Antwort auf die Tötung von General Soleimani provozierte keine Gegenreaktion der USA. Eine Eskalation des Konflikts ist nun kurzfristig wenig wahrscheinlich. Investoren reagierten erleichtert. Credit Spreads engten sich speziell im High Yield (HY)-Segment ein. Die Episode erinnert aber an das fragile geopolitische Umfeld. Letzteres ist einer der Gründe, weshalb wir im HY-Bereich weiterhin BB-geratete Corporate Bonds empfehlen. Heute unterzeichnen die USA und China zwar ein Teilabkommen. Gelöst ist ihr (Handels)konflikt damit noch lange nicht.

Die EZB greift bei Corporate Bonds weiter stärker zu als erwartet.

EU gibt „Sustainable Finance“ regulatorischen Schub

- SSA: Ausblick 2020

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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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