Financial Institutions Bonds

David Hawa (Robeco): “We Use Tactical Allocation in Contingent Convertible Bonds”

Date:

David Hawa (Robeco): “We Use Tactical Allocation in Contingent Convertible Bonds”

Author: Meritxell Sedo

  1. There was no volatility in the sovereign bond market. The 10-year US Treasury bond ended 2017 at 2.43%, the same performance level as it began the year
  2. All the components of the European GDP are growing, which, according to Robeco, is very positive because it means that loan default levels are decreasing
  3. With a growth rate between 2 and 2.5%, it makes sense to think that normalization of interest rates in Europe is close, even without inflation
  4. Robeco is committed to European credit as, with lower levels of leverage, it's more attractive than US credit