At the core of every Pareto bond strategy is a bespoke credit assessment process: With long standing proprietary credit evaluation models, combined with dedicated local expertise and access to the issuers.
The approach provides a Nordic/Global corporate credit exposure with low geopolitical risk and a sound ESG profile.
Except for Sweden, inflation figures in Europe and the U.S. keep coming in above the respective central banks’ targets. There have been no changes to policy rates in the Nordics during July. The European Central Bank also kept its key policy rate unchanged, in line with both market expectations and consensus forecasts. By month-end, for both the Fed and the ECB, the market expects at least one rate hike over the remainder of 2026.
In the U.S., the Federal Reserve kept its key interest rate unchanged, but at Kevin Warsh’s second meeting as the FED’s new chairman, the committee was no longer unanimous. On this occasion, three of the twelve members wanted to raise the key interest rate. Warsh refrained from providing any guidance on the likely timing of near-term policy moves, instead reiterating the Fed’s commitment to returning inflation sustainably to its 2% target.
Cont:
Die Nordics
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