The debt of low-cost European airlines is one of the most attractive opportunities in fixed income at present, according to AXA Investment Managers Senior Portfolio Manager Nicolas Trindade.
AXA Investment Managers Senior Portfolio Manager Nicolas Trindade argued that strong balance sheets and low levels of debt mean budget airlines' bonds are trading at levels that do not reflect long-term fundamentals.
Despite airlines being one of the worst-hit sectors by the coronavirus pandemic, the debt of low-cost European airlines is one of the most attractive opportunities in fixed income at present, according to AXA Investment Managers Senior Portfolio Manager Nicolas Trindade. However, Trindade argued in a note Thursday that their mostly strong balance sheets and low levels of debt mean budget airlines' bonds are trading at levels that do not reflect their strong long-term fundamentals.
"There are still pockets of value out there in the IG credit market, even after all the positive gains in the past few months," Trindade said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
California feared pandemic would overwhelm Medicaid, but that hasn't happened. Why?'It's a mystery,' says one expert. Some 2 million Californians were projected to join Medi-Cal, the state’s insurance program for low-income people.
続きを読む »
These stocks could replace investors' fixed income plays with rates so low, according to AB BernsteinNew for subscribers: These stocks could replace investors' fixed income plays with rates so low, according to AB Bernstein Check out CNBCPro for a free trial.
続きを読む »
Top COVID-19 vaccine makers say safe, effective and low-cost candidates possible by early 2021Top vaccine makers predict a vaccine or vaccines may be available as early as the beginning of 2021 and at least two pledged doses will be free or low-cost for all Americans.
続きを読む »
United CEO expects airfare to drop, revenue to plateau at 50% of 2019 levels until there's a coronavirus vaccineUnited CEO expects airfare to drop, revenue to plateau of 50% of 2019 levels until there's a coronavirus vaccine
続きを読む »
U.S. mortgage refis surge as rates fall to historically low levelsU.S. mortgage refinancings are surging as historically low 30-year fixed mortgage rates attract borrowers, Bespoke Investment Group said on Wednesday.
続きを読む »