Research Detail
| 2024/10/30 / Erste Group Research |
Decision in the United States The US presidential election will take place next Tuesday. The outcome is extremely uncertain. For the European economy, a Trump victory would very likely have far-reaching consequences than if Harris were to win the election. We expect different effects for the individual bond markets in the event of a Trump victory. Since the beginning of the year, Austrian banks have placed covered bonds with a volume of around EUR 8bn in the benchmark segment. Compared to the same period in 2023, this is a decline of around 40%. The reduced supply of covered bonds could have a positive impact on the development of swap spreads, which have not narrowed compared to the beginning of the year. |
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General information
| Author | Erste Group Research |
| Date | 2024/10/30 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria, Eurozone |
| Currency in focus | Euro |
| Sector in focus | - |
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