|2023/02/02 / Erste Group Research|
EUR Corporate High Yield: 2023 should be a better year
The year 2023 started positively for the high-yield sector with a January performance of +3.2%. Spreads have been in a dynamic downtrend since October 2022. If sentiment continues to brighten in the course of the year, risk premiums should remain stable or decline slightly. Performance should improve accordingly. Within the HY sector, we continue to see the BB category in particular as attractive. Cyclical sectors such as travel and leisure and consumer goods should benefit from a further market recovery.
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|Author||Erste Group Research|
|Product name||Credit News|
|Topic in focus||Credits/ Corporate bonds|
|Economy in focus||Eurozone|
|Currency in focus||Euro|
|Sector in focus||-|
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