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'Reverse Yankees' to dominate euro issuance in coming years - BofA

Published 06/23/2017, 06:04 AM
© Reuters.  'Reverse Yankees' to dominate euro issuance in coming years - BofA
LQD
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QLTA
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USIG
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CORP
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SPBO
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FCOR
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CWAI
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  • U.S. firms will dominate issuers of euro-denominated investment-grade credit by the end of 2018 based on current trends, BofA credit analysts say in a note today.
  • "We expect overall reverse Yankee supply for the year to hit our target of €90B, driven by i) U.S. corporates with an exposure to Europe, and ii) opportunistic issuers looking to remove some supply expectation pressure from their USD curves."
  • ETFs: LQD, CORP, CRED, CSI, QLTA, FCOR, COBO, CBND, IGIH, CWAI, WFIG
  • Now read: If You Rather Listen Only To One Market - Better Stick With Credits


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