getting the yields on the corporate side

English to German Bus/Financial Investment / Securities Ausblick 2024

So, if you think about your corporate credit exposure, that’s your business and financial risk, and then when you’re looking at your securitised exposure, you’re actually diversifying with a different risk profile because you’re talking about the risk of the impact on the consumer and the underlying loans within your pores. These are really, to be clear, very high-quality asset classes, low volatility. So, we like the idea that you’re getting a good spread pick-up. The valuations look attractive, because if you look at the ten-year valuations of the securitised market relative to where it is now, relative to where it is on a ten-year average, and then you look at the same story with corporates, the spreads look very expensive on the corporate side. So, we feel like here you’re ***getting the yields on the corporate side***.

Ich verstehe das hier inhaltlich nicht. Ich verstehe die ganzen Ausführungen so, dass der Sprecher empfiehlt, Unternehmensanleihen zu diversifizieren durch Verbriefungen. Dann spricht er ja davon, dass die Spreads bei Unternehmensanleihen (corporate side) gerade sehr hoch sind, die Bewertungen von Verbriefungen aber attraktiv. Den letzten Satz verstehe ich in der Logik dann aber nicht. Was meint ihr?