The approach provides a Nordic/Global corporate credit exposure with low geopolitical risk and a sound ESG profile.
Pareto Bond Funds - October update
Rates across bond markets have lowered slightly at the long end. At the same time, we have seen somewhat higher spreads in the Nordics. Although things looked mostly fine month-over-month, a slight rise in volatilities across markets was noted. The U.S. government shutdown extends its jitters. The Nordic High-Yield primary market remained active in October, with total issuance of NOK 27.6 billion across 24 transactions, including 10 first-time issuers. However, the market is not as dynamic as last month, and deals are more often adjusted with tighter terms to accommodate investors. Still, total issuance for the year has now surpassed the issued volume in 2024 and continues at a high pace, which means growth of the Nordic bond market in two consecutive years.
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