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2024/02/21 / Erste Group Research

Hoffnung auf Zinssenkungen treibt Credit-Spreads

Trotz des weiterhin schwierigen Marktumfelds überwiegt derzeit am Kapitalmarkt die positive Stimmung. Ein wichtiger Grund dafür dürfte die Hoffnung auf baldige Leitzinssenkungen durch die EZB sein. Nichtsdestotrotz sollten deutlich gestiegenen (Re)Finanzierungskosten die Unternehmen weiter belasten und die Zinsdeckungsgrade der Emittenten 2024 noch unter Druck bleiben.

Die Risikoaufschläge am Corporate Bond-Markt erreichten zuletzt ein Zweijahrestief. Impulse für die weitere Spread-Entwicklung am Kreditmarkt dürften die Stimmungsindikatoren (EZ-Einkaufsmanagerindex, ifo-Geschäftsklimaindex für Deutschland), die diese Woche erwartet werden, generieren.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-


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