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By Matthieu BAILLY, Deputy CEO at OCTO Asset Management
As a value bond investor, our mission is to analyze each event or crisis in order to identify bond discounts and credit risk premiums linked to main market player constraints, i.e. central banks and institutions, offering attractive investment opportunities for investors.
While sovereign premiums remain complex to analyse as seen by the example of peripheral European countries posting huge debt while financing themselves at near-zero interest rates, it is interesting to identify, within countries in crisis, corporates benefiting from an economic position, a business line, geographical diversification and independence from political constraints and conflicts, which make their bonds...
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