By Patrick Barbe, Senior Portfolio Manager-European Fixed Income and Julian Marks, Senior Portfolio Manager-Investment Grade Credit
Steep yield curves make euro bonds attractive in general, but here we outline some specific opportunities.
In our three decades working in European fixed income markets, we have rarely if ever seen the same level of overseas interest in the asset class that we do today. Investors based in U.S. dollars and Japanese yen have become particularly engaged with the opportunity in euro-denominated investment-grade bonds. This can be explained partly by the difference between short-term interest rates in the