The yield hunt just got harder
The European Central Bank (ECB) has just started buying corporate bonds in Europe. This has lowered the yields of this target bond group, thereby pushing up bond prices. But what does it mean for A$ corporate bonds? These too will eventually feel the positive price impact of policy intervention and a global scramble for yield. Fortunately, A$ credit spreads are still one of the widest in the developed world – despite a relatively benign default outlook. Hence, there is still value in the A$ corporate bond sector – unlike other parts of the world.
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Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of Asia Pacific Credit Research from 2004 – 2012. His experience captures a vast array of credit deals including mezzanine finance for both corporates and banks as well as highly structured finance facilities. In addition to Credit Suisse, Damien has worked in the credit team at AMP in Sydney, and led the credit research teams of ING Barings and Barclays Capital in Asia.
Damien holds a Masters of Business Administration from the University of Queensland, a Bachelor of Financial Administration from the University of New England and a Graduate Diploma in Applied Finance from the Securities Institute of Australia.
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Spectrum Asset Management
Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of ...
Expertise
Spectrum Asset Management
Damien has around 25 years of experience in global credit markets. He has worked in Sydney, London, Hong Kong and Singapore. Much of Damien’s experience was gained from working with Credit Suisse both in Singapore and Sydney where he was Head of ...
Expertise
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