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Credit Market Analysis > Latest Notes
Bank Capital Investing in the “EGG ME” Era | Free Content
You may not like it but EGG ME is here to stay First it was the PBOC, then came the ECB and now the Fed. Investors are now starting to pencil in the likely new era of “EGG ME” or Extraordinary Globally Guaranteed Monetary Easing in perpetuity. And in this “EGG ME” background it is becoming difficult to get bullish on bank equity in any part of the developed world. [...]
The Fed is your friend
Managing the decline in macro... The Fed delivered a welcome dovish turn-up for the books and has likely provided the markets enough of an injection of a prolonged level of liquidity assistance that it will carry lumbering global economy through 2019. The good old peak to trough in the level of the economic cycle (be it measured by rates, inflation, growth) has compressed, c [...]
(Free Content) HY Trade Idea: TCGLN
Business Description Thomas Cook (TCGLN) is a leading UK-based travel operator focusing on the European market, is the second largest tour operator in Europe. It's an integrated business, selling charter holiday packages with flights, transfers and hotels bundled together. The business operates approximately 100 aircraft and 3,100 shops. [...]
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. [...]