News and Insights
Natixis’ Thibaut Cuillière speaks to The Wall Street Journal on Europe’s cheap debt leading to record borrowing by US companies
February 7, 2020
Speaking to The Wall Street Journal, Thibaut Cuillière – Head of Real Asset Research and Credit Strategist at Natixis – comments on US blue-chip companies raising an unprecedent sum in eurozone debt markets last year, with investors’ interest escalating further since the European Central Bank resumed bond repurchases in November.
Even after factoring in the expense of converting the euros to dollars, there’s a cost advantage of about 15 basis point on benchmark 10-year bonds for the issuers, according to Cuillière. He also estimates that is likely to widen to 25 points on average by the end of the year.
To read the full article, please click here (paywall).
TAGS: Financial Services