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2019/10/07 / Erste Group Research

Special | EUR Corporate Hybrids

Since the beginning of the year investment grade (IG) hybrid bonds have generated a total return of 11.2%, outperforming both senior IG (+7.2%) and high yield (HY; +8.0%) bonds. The average yield of IG rated hybrid bonds stands at a record low. It has declined from 3.9% (31 Dec. 2018) to 1.8% year-to-date. Despite the trade war backdrop, even hybrid bonds issued by car makers (VW, Volvo) posted strong gains.

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General information

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