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Credit Market Analysis > Latest Notes

Political risk returns

Primary window might close... The markets played out to a defensive tone in the week's penultimate session as it took in the implications of the trade war as seen through Daimler's profit warning as well as the appointment of Eurosceptic lawmakers to key posts in the Italian economic ministry. Not that we would have noticed that in the corporate bond market as investors took [...]

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UK rebellion off

Respite session welcomed... It was a regular day in the markets on Wednesday and a better one for risk assets to go with it. Geopolitical and macroeconomic event risk took a back seat and it seemed like the whole of the market converged on Westminster for that crucial EU Withdrawal Bill vote. It was last chance saloon for the remainers to get Parliament to have a 'meaningful [...]

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It IS a big deal

Tweetie pie is back... The investor base in the euro-denominated corporate bond market would have been left massively deflated after Bayer decided to pull the trigger on $15bn of issuance in the US, and only €5bn here. We had the appetite and willingness to take down much more. Even as most were fretting about an escalation in the US/China trade war, the chemical giant [...]

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Running scared

It's more than a rumble... No sign of the expected deluge of issuance. It will come. Instead, we've kicked off the week in defensive mode reflecting and fearful on the outcome of the US import tariffs against Chinese imports - and the retaliation. It wasn't necessarily a very bad session - just soft, reflecting the potential risks which come from what is looking like an intr [...]

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Don’t Forget…Corporate Bonds expert Dr Suki Mann

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