Yields and spreads

chart of the month


Government bond yields recently hit new all-time lows in Europe, indicating a deteriorating economic environment. Credit spreads, in contrast, still trade at 'strong-growth' levels. Is this another break in traditional correlation patterns?

We don't think so. The relationship is still intact from a pure fundamental point of view. Despite stagnating economic growth in Europe, macro fundamentals are strong enough to support credit markets, although positive impulses from the macro environment for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here