External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>We have seen tightening of spreads on both callable bonds and longer dated bullets in 2024.</li><li>It’s my impression that the current level is driven by investors with an outright focus on the yield and the curve more than the pure alpha in the bonds.</li><li>The January investor numbers published at 8 o’clock this morning might give a clue whether this is correct.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We have seen tightening of spreads on both callable bonds and longer dated bullets in 2024.It’s my impression that the current level is driven by investors with an outright focus on the yield and the curve more than the pure alpha in the bonds.The January investor numbers published at 8 o’clock this morning might give a clue whether this is correct.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Foreign selling of callable bonds in January and households reduce in bullets