Sebastian Mullins’ Post

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Head of Multi-Asset and Fixed Income, Schroders Australia

Spreads narrowed significantly in recent weeks, and USD spreads tightened notably further in the days following the US election. USD investment-grade (IG) and USD high-yield (HY) spreads are around levels last seen pre-global financial crisis. However, spreads appear more attractive in European corporates and securitised credit. While not mentioned in the below, Australian credit offers a bright spot in the credit landscape with attractive spreads and higher quality than other markets. Explore the latest monthly analysis from our global team: https://okt.to/JVn0q7 #Schroders #Investing #FixedIncome #Credit #Bonds

Schroders Credit Lens November 2024: your go-to guide to global credit markets

Schroders Credit Lens November 2024: your go-to guide to global credit markets

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Sebastian Mullins

Head of Multi-Asset and Fixed Income, Schroders Australia

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European and Australian corporates look relatively attractive compared to the US. Securitised credit in both the US and Australia remains attractive. Below are credit spread percentiles as of the 1st of November 2024. US HY (High Yield) at 0.05 means spreads have only been tighter 5% of the time.

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