Look for:

Our offer for

Research Detail

2021/10/28 / Erste Group Research

The sentiment seems worse than the situation itself

Companies affected by high energy, freight, and commodity prices have mostly been reporting high demand and full order books. Due to bottlenecks in materials and logistic capacities, company deliveries are currently often subject to time lags. This pushes back the point in time when sales are recognised in the books. So far, there do not seem to be any cancelled sales though. Service providers are increasingly grappling with staff shortages, wage pressure, and rising COVID-19 new infection rates. The good start into the Q3 reporting season and the reports on coupon payments by Evergrande support the investors’ risk appetite. In the high yield segment, spreads have remained stable.

We do not envisage any inputs for the credit market from the coming ECB meeting this time.

PDF Download Download PDF (358kB)

General information

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


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer