FCF Fox Company Finance GmbH is delighted to publish the brand new “FCF Credit score Monitor – Q3 2021”.
The FCF Credit score Monitor is a standardized report / evaluation of the Euro issued bond market and offers priceless sector and aggressive intelligence. The report is revealed by FCF on a quarterly foundation.
Key insights of Q3 2021 are:
- The FCF Credit score Monitor relies on ~850 company bonds from round 200 issuers that are assembly the FCF choice standards (for extra particulars see p. four within the FCF Credit score Monitor). The entire excellent quantity of the chosen bond universe sums as much as ~EUR 600bn
- The evaluation exhibits the correlation between ranking class and yields of company bonds
- Particularly the yield variations between funding grade and non-investment grade bonds are proven when evaluating yields of the “BBB”-rated bonds (decrease restrict of the funding grade ranking) and “BB”-rated bonds (higher restrict of the non-investment grade ranking): Spreads between yield curves throughout the funding grade courses are comparatively small (ranging between 0.01% to 0.33%), nevertheless a big enhance in threat premia is seen for the noninvestment grade ranking courses (beginning at BB) (0.60% for 1 Years maturities; 2.66% for eight Years maturities)
To entry the complete report, please click on right here.
By Marcel Lange, Mathias Übler and Yasmin Herrmann