Natixis: Strong performance of USD and Euro corporate bonds may continue

On November 15th, Jin Shi data reported that Juan Esteban Valencia, a strategist at French Bank, said in a report that the interest spread of US dollar and euro corporate bonds may continue to gradually tighten and perform well in early 2025. Due to the fact that the credit interest spread is close to the lowest level in decades, the narrowing range should be small. "At such levels, the credit interest spread relative to the benchmark interest rate looks very expensive, but we expect no dumping in the short term." Valencia said that the interest spread may narrow within two to three quarters before the start of a new expansion cycle.