For 110 basis points, we believe it's not worth getting into high yield. On average, you're sliding six notches in the credit rating.
Investors are also getting a bit tired of these tight spreads and they are not sure if they should invest at those spreads, particularly with the Treasury yields heading up.
The 30-year is a bit of a surprise, but it follows the other sovereigns that have managed 30 years in Asia, including Indonesia recently.
The optimism is overdone, and there's going to be a correction. Growth is going to slow.
There's a lot of money chasing these (Asian) high-yield bonds, but we think it's temporary.
What I mean by that is that they have all the necessary skills to come up with good cars and good price.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.