By Matthieu BAILLY, Deputy CEO at OCTO Asset Management
2023, the year of renewed yields and a certain consensus in favor of a return to the bond asset class, is not benefiting all segments of the market. As a result, once the X-Over barrier and short maturities have been breached, investor enthusiasm is clearly waning, on both primary and secondary markets... Despite particularly attractive yields, the part of the High Yield segment considered 'risky' in Europe, i.e. B ratings (the very heart of the segment across the Atlantic), is not in favor at the moment.
1. The first thing we noticed came from the feedback we received from our investors we met during our European roadshow over the last two months, or the flows observed on the...
|