On Friday July 14, the Swiss website AllNews published an article reporting the analysis of Cyril BATKIN, Manager & Convertibles Trader at Ellipsis AM, on the asset class he follows and the evolution of the European pool.
"The paradigm shift is energizing the European convertible bond market", says Cyril BATKIN.
"For a long time below its American counterpart, the average coupon offered on the European universe recently reached a level above 3%, a situation not seen for almost 10 years. This rise in coupon brings it close to parity with the United States, whereas previously, European yields were significantly lower on average over the same period."
Click below to access the AllNews website.
Disclaimer: The information relating to the instruments or issuers mentioned in this article is for illustrative purposes only and does not constitute a buy or sell investment recommendation. At the time of publication of this article, the portfolios managed by Ellipsis AM may or may not be exposed to the issuers mentioned, and the issuers may no longer be present in the portfolio at a later date. Future management decisions are not constrained by the statements and analyses reported, and may even go in the opposite direction.