Swiss Economicblogs.org
We have moved up our stance on euro investment-grade credits to neutral, believing they have better potential than their US peers.US and euro investment grade (IG) indices have posted solid returns year-to-date thanks to a rally in credit spreads and sovereign yields linked to the dovish turn taken by some large central banks.We have turned neutral from underweight on euro IG credit, while retaining our underweight stance on US IG credit. First, euro IG offers an attractive yield pick-up...
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