EUROPEAN EQUITIES
Is it a good timing to invest in European Equities?
French politics priced in?
Swap spread on 10-year interest rate hedges (in bp) and Average ratings from the 3 agencies Moody's, S&P, Fitch
Spread OAT Bund
Spread
Chart Title
1,0%
1,4%
0,9%
1,2%
0,8%
Slovakia
Italy
0,7%
1,0%
France
0,6%
0,8%
Greece
0,5%
Spain
0,4%
0,6%
Slovenia
Belgium
Finland
0,3%
0,4%
Portugal
0,2%
Austria
Ireland
0,1%
0,2%
The Netherlands
0,0%
Germany
0,0%
1,00 2,00 3,00 4,00 5,00 6,00 7,00 8,00 9,00 10,00 11,00 Rating AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB-
Spread OAT - Bund
Public
Source: Bloomberg, Rothschild & Co Asset Management – 2024
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