Category Archives for "Premium Content"

Premium Content

17th January 2018

CoCos are the must-have product

Designed to fail, but who cares… A steady day – which saw risk assets slightly better offered, but amid the excellent performance already in these opening New Year sessions coming from the contingent convertible bond market, we had the first foray into the primary market by a borrower. We suggested in yesterday’s comment that we needed […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

16th January 2018

You’ll never guess

The outlook is brightening… After Monday’s US holiday-enforced lighter session, we revved up some in Tuesday’s session, although at the open it felt like we were working through a fairly labour-intensive session. And then the US opened, and equities burst into action as we recorded new intraday highs for stocks. In fixed income, there were […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

15th January 2018

More credit market records

Calm, but firm… A quieter session it might have been, given that the US market was closed as it observed Martin Luther King Day, but there was little reason not to continue a broadly positive tone through it. And that is even after UK construction giant Carillion went into compulsory liquidation. We’re already at the […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

14th January 2018

Pedal to the metal

Sweet spots and all that… For some, the global economy is doing annoyingly well. The warnings of markets overheating are being sounded loud and clear, but we’re mostly ignoring them. Fund inflows (equities and fixed income) are at elevated levels as investors chase markets higher, full of confidence that the economic recovery is now well-entrenched […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

11th January 2018

That timebomb keeps on ticking

Bullet-proof credit… The vigilantes in the bond markets are serving up much bearishness around fixed income risk the moment. But rate and credit markets are continuing to defy them – and gravity. Of course we are anticipating some weakness, because after all – we are in the throes of a macro growth spurt while central […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

10th January 2018

It’s a funny little place…

Markets speak with forked tongue Too many people are looking for a financial markets collapse. And then will come the ‘I told you so’. Others think one is coming, but don’t know when, but keep adding risk just in case they get left behind in the ongoing rally. We don’t think it is coming until […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

9th January 2018

Record breaking is the new normal

Higher and higher… The non-financial corporate deals in the session provided a useful distraction from the daily chore of watching the credit market go tighter. In a market where nothing should be taken as a certainty, the spread market’s tightening is about as much as a ‘gimme trade’ if ever there was one. Equities are […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

8th January 2018

Melt up, a work in progress

All shook up… Week 2 into the New Year and we’re thinking more of the same. There’s an ebullience about the markets right now. Following on from the record closes in the triumvirate main US stock market indices at the close, we saw to it that European markets would be on the front foot. We […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

7th January 2018

Bond Fund Performance Rankings: December 2017

Here’s a look at how the largest and top performing funds fared in the quarter/year to the end of December 2017. Using the Market iBoxx indices as a guide, the euro-denominated IG cash index returned 2.4% in 2017. However, the top performing funds delivered well in excess of that – usually helped by running a […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

7th January 2018

It’s getting better all the time

Simply euphoric… What could possibly go wrong! As far as halcyon periods for credit go, this last decade has been up there as the stand-out one. We are likely going to power ahead for this first quarter. And there is little need as such to alter course. Friday’s non-farm payroll report might have disappointed some […]

Subscribers can log in to continue reading.

Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.

1 2 3 9