Jeremy's Blog 22nd January 2021: Valuation
This article by Jeremy Moody first appeared in the CAAV e-Briefing of 21st January 2021 Ten months into the pandemic, Wizz Air, the central European budget airline with an 80 per cent fall in passenger numbers, has issued a three year corporate bond paying just over 1 per cent. Ultra-low interest rates have prevailed unprecedentedly since the 2008 financial crisis. UK and US bonds remain at low rates, much EU member states’ government debt is at negative interest rates and, yesterday, 10 year...