International Netherlands: The spread of corporate dollar bonds continues to narrow, becoming less attractive compared to euro bonds.

Analysts from ING Credit Strategy pointed out in their research report that the credit spreads of US corporate bonds remain in an extremely tight state, which diminishes their attractiveness compared to similarly rated Euro-denominated bonds. The strategists indicated that US credit spreads may widen to reflect current risks, including a deteriorating labor market, escalating trade tensions, and rising fiscal concerns. Additionally, investor capital is expected to continue flowing into Euro investment-grade bonds, while the inflow of funds into US corporate bonds will shrink relatively.