Credit Market Analysis

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Credit Market Analysis > Latest Notes

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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ECB gives credit a leg up

Time to roll up those sleeves... The ECB has given every reason for credit markets to get bullish for the next 9 - 12 months. They're not moving on rates. Admittedly, QE is ending, but fundamentals remain supportive and technicals will take on a different - but also supportive - dynamic. The bid for rates makes credit even more attractive. US rates are cheap (with the 10-yea [...]

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Don’t Forget…Corporate Bonds expert Dr Suki Mann

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