In previous cross assets we focused on the evolution of Eur High Yield (HY) market and on the comparison of the main features of Eur HY with US HY bond market, showing to what extent and how rapidly the Eur HY bond has become a real asset class thanks to a combination of supportive factors.
Valentine AINOUZ, Sergio BERTONCINI
The CSPP became operational just a few months ago, but it has already produced dramatic effects on the EUR credit markets. The flexibility of the programme, together with its sustained purchase trajectory, which is spread widely on a very large number of bonds that cover all IG ratings, curve buckets and sectors with issuers from many countries, contributed to the effectiveness of the CSPP.
Strategy and Economic Research at Amundi Milan
Valentine AINOUZ, Sergio BERTONCINI, Bastien DRUT