Author

sandrine_rougeron
Global Head of Corporate and Corporate Pension Funds Clients, Amundi
valentine_ainouz
Head of Global Fixed Income Strategy, Amundi Investment Institute

In a nutshell

  • At the start of the year, the euro primary market is recording historically high activity, after a rather calm month of December Also note more volume on long maturities.

  • Investor appetite in credit markets remains strong. Investors want to capture current yields before the expected drop in 2024 Indeed, the market anticipates that the ECB will lower its rates from April and by a total of 150 bp this year.

  • Credit spreads continue to tighten despite the recorded amounts of new issues. The market absorbs the flow of issues on the euro primary So far, the secondary market does not appear to be affected

Primary market Investment Grade

2024-01-primary-market-views-grade

Market data

2024-01-primary-market-views-data

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