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European loan market - review and outlook

19/02/2019

European loans found relative favour with investors as 2018 marked a return to volatility for global markets. European loan returns were modestly positive, thanks to pricing stability and high running coupon income, unlike other risk assets.

  • Markets face 2019 with a number of global headwinds, though credit conditions remain benign and default levels low, meaning market volatility and the withdrawal of central bank support may conspire to reduce liquidity at times
  • Loan markets have been the subject of a string of negative press and regulatory headlines over recent months, but fundamentals continue to support the asset class; that said, loan prices will likely be more sensitive to corporate announcements and earnings reports from here.

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The information on this website is for Institutional Investors only. Specifically, the information on these pages should not be used or relied upon by the public of Hong Kong or any other type of investor from any other jurisdiction.