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2021/09/23 / Erste Group Research

A storm in a teacup?

At the beginning of this week, we noticed a certain degree of nervousness on the financial markets. This may have been partially due to the possible insolvency of the Chinese real estate group Evergrande. The latest confirmation by the company to be willing and able to meet its interest payments suggests temporary relief.

For the EUR Credit market, we currently do not see any gravely negative effects of the events unfolding in China. The cash spreads widened only marginally on Monday.

At yesterday's FOMC meeting, no decision was made on the reduction of securities purchases.

Special topics of the week:
- Issuer in focus: Hypo Vorarlberg Bank AG

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General information

AuthorErste Group Research
Date2021/09/23
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-
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