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One Bank Marvels At ‘Eye-Watering’ Grab For Yield As New Issue Demand Hits Record
In case you were looking for more evidence to suggest the coordinated dovish pivot from central banks in 2019 has been exceptionally effective at reinvigorating the hunt for yield, look no further than European credit.
For the better part of three months, BofA's Barnaby Martin and Ioannis Angelakis have been keen on emphasizing that conditions are once again favorable for the asset class and as the duo writes in a note dated Thursday, "European credit feels like the gift that keeps on giving at
Never thought I’d see FIs bought more than with the ECB combined. Unreal