Recurring series
J.P. MorganEuropean Market Monitor
Finvaulta tracks 3 editions of European Market Monitor from J.P. Morgan, published between June 1, 2026 and August 31, 2026. Each edition is summarized on its own page.
Latest edition · August 31, 2026
fixed income market monitor eur
J.P. Morgan Asset Management's European Market Monitor provides comparative fixed income metrics across global asset classes hedged to EUR as of August 28, 2026. It highlights yields to worst, option-adjusted spreads (OAS), and Solvency II spread SCR capital-adjusted yields across maturities.
The August 2026 European Market Monitor summarizes cross-market fixed income yields and credit spreads hedged into EUR. Across major subsectors, current EUR-hedged effective yields range from 3.18% in EUR Treasuries to 4.95% in USD High Yield Corporate debt. Credit spreads (OAS) sit near cyclically tight levels, with EUR Corp BBB at 88 bps and USD Corp BBB at 98 bps. From a Solvency II regulatory capital perspective, covered bonds across EUR, GBP, and USD show the highest return on spread SCR (RoSCR), while emerging market debt and high-yield corporates face substantially higher spread capital charges.
Read the latest edition in fullKey takeaways from the latest edition
- 1.On a EUR-hedged basis across fixed income sectors, USD High Yield and EUR BBB Treasuries offer the highest effective yields at 4.95% and 4.88% respectively, followed by EUR High Yield at 4.64%.
- 2.When evaluated on a capital-adjusted return basis (RoSCR / Return on Spread SCR under Solvency II framework), Covered bonds offer the highest ratios due to low capital requirements, led by 1-5 year USD Covered bonds at 194.1% and GBP Covered bonds at 136.2%.
- 3.Credit spreads across major sectors continue to compress towards multi-year lows, with EUR IG Corporate OAS at 70 bps (>A) and 88 bps (BBB), and USD IG Corporate OAS at 64 bps (>A) and 98 bps (BBB).
What this series covers
- Summary table
- Effective Yield (%) – Fixed Income sectors
- OAS (bps) – Fixed Income sectors
- Capital Adjusted Yield
- Yield to Worst – 52 weeks range
- OAS – 52 weeks range
- Yield to Worst – 10 years of history
- OAS – 10 years of history
- Yield to Worst by maturity bucket
- OAS by maturity bucket
- FX hedge adjustment – 5 years of history
Edition archive
Series at a glance
- Editions tracked
- 3
- First edition
- June 1, 2026
- Latest edition
- August 31, 2026