Riksbank Publishes Report On Swedish Corporate Bond Market
9 Oct 2020
The Riksbank, the Swedish central bank, published a report (full report here) on the state of Swedish corporate bond market. The report highlights the illiquid nature of the market. This supports the need for specialist credit knowledge, locked up capital and access to to local brokers in order to operate in the market. In other words great marketing for our Greenfunds Recovery Fund strategy! Our favourite chart is the comparison of the Swedish and European corporate bond markets(see below). Be aware of the different currencies and scales, but what it shows is that 50% the Swedish market is unrated unlike the European market where only 37% is unrated or high yield.