Low yields for longer backs credits

Headlines Low yields for longer backs credits Strong performance from Senior Financials Low activity in primary markets Market commentary Geopolitical tension and concerns about the validation of the European recovery have sparked a minor sell-off over the summer but during the last week, credit spreads have improved and we expect this trend to continue. The growth and inflation outlook for the eurozone have weakened, emphasised by 10Y Bund yields yesterday briefly touching ground with the 1%



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