Here You Find Market Reviews and Selected Articles

Publications

Here You Find Market Reviews and Selected Articles

Travel Report «Jefferies US West Coast CB Tour»

After extensive preparation and much anticipation, the time finally arrived in mid-September: the «US West Coast CB Tour» organized by the US investment bank Jefferies kicked off, and Holinger Asset Management was proud to be the only exclusive convertible bond boutique from Switzerland to participate.

Bitcoin and Convertible Bonds

The beginning of spring is upon us, nature is awakening, and the tulip season is starting. This metaphorically applies to the revival of cryptocurrencies as well: with the US Securities and Exchange Commission's approval of Spot Exchange-Traded Products on Bitcoin in January of this year, the cryptocurrency has finally become mainstream and has since been flooded with cash flows.

Stock markets are running hot and ignoring lower interest rate expectations

In the wake of cautious communication from the U.S. Federal Reserve, markets have significantly reduced their expectations for imminent interest rate cuts over the past weeks: While two rate reductions by May this year were priced in at the end of 2023, the first adjustment is now expected only in June.

Japan Market Comment & Outlook

The earnings season has concluded, and most of the reported figures for the third quarter or half-year were positive. However, there were a few disappointments from a CB (convertible bond) perspective.

Japan Market Comment & Outlook

The Japanese stock markets have recovered after the brief but sharp correction, with losses of around 9% from mid-September to the end of the first week of October, and are now up 4.4% from their lowest point.

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