In Search of Yield? Euro High Yield Could Be the Answer

State Street Global Advisors
By April 10, 2019 15:03

In Search of Yield? Euro High Yield Could Be the Answer

Strategy Espresso

The European high yield market has continued to rally following a challenging end to 2018. In this week’s Espresso we highlight some key reasons for the recovery and why we foresee continued near-term support for the asset class. In Q4 2018, European high yield credit spreads widened 168bps to 513bps on the back of global growth concerns and tightening financial conditions. However, spreads have recovered this year, tightening by 134bps to 379bps (see Figure 1). The improved market sentiment has been driven by a selection of factors, which we explore below.

State Street Global Advisors
By April 10, 2019 15:03

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