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Credit Market Analysis > Latest Notes

Voting for a renaissance

Time to Juncker it... All eyes were supposed to be on Westminster, but there was a more than a glance on German GDP data. They might have avoided a technical recession with Q4 GDP managing to record a positive result, but Germany did record the lowest GDP growth since 2013, as last year's expansion came in at 1.5%. That's down from 2.2% in 2017 and corroborates all the emerg [...]

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Steady, Stable, Sound – thus far | Bank Capital Insights

Decent start to US bank earnings We had three large US banks (Citi, JPM, Wells Fargo) report Q4 2018 earnings and there were similar attributes in terms of earnings, outlook and similar comments on the state of the US economy.   All three reported sound increases in year-on-year earnings though they fell short in terms of market expectations/forecasts.  All three banks repo [...]

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It’s showtime

May's Churchillian moment lost... The time has come. We are into probably the most important week for British politics for a generation where Theresa May has already lost her chance for greatness and democracy (as we know it to be in the UK) was quashed. It's not even about fine margins anymore. The Brexit vote will be the focus, but we will watch what happens in the immedia [...]

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Now comes the hard part | Bank Capital Insights

Will forthcoming bank earnings help or hinder risk sentiment? Last week was a good one for risk assets especially in bank capital (and within that AT1) driven by dovish Fed speak, trade war resolution optimism and no new “unknowns” to rattle investors.  Add to that the lack of supply in high yielding paper in bank capital land and the result was a sharp rally. But seas [...]

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Don’t Forget…Corporate Bonds expert Dr Suki Mann

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