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Credit Market Analysis > Latest Notes

Return to sender

Write a letter to the EU?... Eurozone inflation dropped to 3-year lows in September, highlighting the predicament that the ECB has in trying to boost a slumping economy. CPI (at 0.8%) and core CPI (at 1.0%) both year on year, are far away from the ECB's medium-term target levels. Brexit negotiations remained on a knife-edge as the UK (and the EU) struggled to get the DUP on [...]

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Just the tonic

Brexit becoming a reality... Markets were not threatening to do too much amid ongoing apprehension around Brexit, the Middle East and the trade talks - until the afternoon session, and the US opening. And then we had a strong rally in risk assets, led (as usual) by equities and with a decent sell-off in safe havens. It was as if markets threw caution to the wind. Late into t [...]

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False start

Fragile trade truce get us off to a weak start... It looks like markets had gotten ahead of themselves. The hopes of a Brexit deal are looking more precarious again, with the EU once again reportedly playing hardball. The potential for a US/China 'limited' trade deal has underwhelmed so far, but at least we might have something which might help calm the tensions. But the [...]

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Tunnel of love

Green light and it's a go... In a flash, the tone is massively upbeat. Trade tariff talks have apparently gone well between the US and China and we are in de-escalation territory. Meanwhile, we have the makings of a deal on Brexit and markets rallied hard into the final session of last week as a result. Should the positive tone follow through into some sort of reality of [...]

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Don’t Forget…Corporate Bonds expert Dr Suki Mann

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