Credit Market Analysis

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Credit Market Analysis > Latest Notes

Buy the dip opportunity

Keep believing, for now... The sell-off in the underlying has presented credit market investors with a near-term buying opportunity. It will keep spreads supported into year-end, although we are likely going to see an impact on total returns in low beta sectors of the credit market. No sweat. Given where the numbers are in credit so far this year, there is enough of a buffer [...]

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Twin peaks

Record supply meets the demand... There are still six weeks of business left in the market this year, but already IG non-financial corporate bond issuance has set a fresh record. Deals from Apple and Bayer took us zipping past the €285bn record from 2009. And a trio of transactions in a busy high yield primary market made for 2019 being the second-best year for deals in th [...]

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Risk markets rediscovering appetite

As trade deal hopes rise... The rallying markets are not getting ahead of themselves - as seen in a more reflective session on Tuesday. Nevertheless, the potential for some kind of a trade deal is the main driver for an improvement in the general tone, and the odds are stacked in favour of something getting done - not least because Trump needs a deal. It might be the only [...]

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🗞️ Plain sailing surely, into year end

Pulling in one direction... Now is the time to hang in there and see it out. Markets are rallying, few should be looking to bail. The going is good. November has got off to a fine start and we might just see the risk markets rise throughout the month, before coming to a more measured close through December. It's not plain sailing, there is no macro recovery, not even a wh [...]

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Don’t Forget…Corporate Bonds expert Dr Suki Mann

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