European Financial Credit Looks Attractive, Selection is Key
Dow Jones
Aug 11
1151 GMT - European financial bonds look attractive given healthy half-year earnings by European banks and insurers, TwentyFour Asset Management's Diva Bashay says in a note. Their valuations look more favorable than other credit markets, Bashay adds. European high-yield financial credit provides access to quality assets at high single-digit yields, she says. "We believe careful issuer and security selection remains key, with selective opportunities continuing to offer an attractive risk-reward."
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