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Credit Market Analysis > Latest Notes
The Fed signs off on 2019!
Thank you, America... The Fed took centre stage and suggested that they will be on hold for the whole of 2019 which elicited a euphoric market response amid much relief. In euro credit, €27bn in each of January and February and we have followed up with €22bn so far in March, with little sign of any real let up in the pace of supply from IG-rated non-financial markets. [...]
Credit making hay while the sun shines
Credit sees off any Brexit uncertainty... We had a potentially massive few days ahead of us, but the third meaningful Brexit vote is looking increasingly unlikely that it is going ahead - and it was the most important event, in our view. The EU Council meetings on 21/22 March now comes into play in its significance as we look for any movement from the EU. Alas, nothing th [...]
Will the German Mega Zombie Bank (GMZB) take off? | Bank Capital Insights
So, it is official - Two zombies may join up to form a mega bank Earlier this Sunday, both DB and Commerzbank officially confirmed that they are in exploratory talks about a potential merger. It looks like the German government is happy to see the two banks combine and create a German national champion bank. It will take a while before the exact merger details are known as [...]
Half time – and it’s game on
Credit parties like it's... We're at the halfway stage for the month and just a couple of weeks away from the corporate bond market seeing out the first quarter - and in fine form. Unbelievable as it might be, we need a double-take at the performance it has delivered for investors, who had been very apprehensive going into the new year. Worry not. Deals have gushed as the [...]