This category can only be viewed by members. To view this category, sign up by purchasing The Monthly Access Pass or One Year Subscription.
Premium Content Archives - Credit Market Analysis

Category Archives for "Premium Content"

Premium Content

This category can only be viewed by members. To view this category, sign up by purchasing The Monthly Access Pass or One Year Subscription.
10th November 2019

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 […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
7th November 2019

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 […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
5th November 2019

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 […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
4th November 2019

🗞️ 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 […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
3rd November 2019

Path clears, seeing out an excellent year

US blows hot and cold… US manufacturing might have contracted for the third successive month in October, but that jobs report is what will focus investors’ minds. The 128k Jobs added in October was well ahead of expectations and markets were boosted by the sharp revision to September’s additions. The Fed probably has a little […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
31st October 2019

Picking the last of the low hanging fruit

Chapter 11… The election season has kicked off in the UK, and in the US the Fed has cut rates for the third time this year with the jury out as to whether they will again in 2019. We still have slightly optimistic signals (limited truce?) coming from the US/China trade situation, with only the […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
29th October 2019

Finally!

Clarifying Brexit moment looms… Investors will be hoping that this week trades out as well as it has started. The FOMC, US data deluge (earnings and key macro), Brexit/UK election and the US/China trade talks have thus far failed to dampen the mood. While that concoction of event-risk might be expected to have an impact […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
27th October 2019

QE to preserve fixed income performance

The damned sticky plaster… It might appear fairly gloomy, but for fixed income we’re in decent shape to see a good run into year-end. The sell-off in rate markets in October has run its course. Meanwhile, Draghi has gone – leaving the Eurozone (as ever) on the brink of a deflationary spiral, struggling to generate […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
24th October 2019

November Promises Much

Not bad. Not bad at all… There are still five session left in which to get business done before we close out a decent month for credit markets. Total returns in IG are very slightly negative, affected by the sell-off in the underlying this month, but spreads (iBoxx) are 10bp tighter so far. As if […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
23rd October 2019

Focus back on macro

If only it were that simple… An extension will be granted and we’re most likely heading for a general election. However, let’s not consume ourselves through November with Brexit. Time to move on. November could be good for markets and, for the moment, credit markets have come to a standstill. Actually, most markets have. There […]
Subscribers can log in to continue reading. Otherwise, purchase The Monthly Access Pass or One Year Subscription to become a subscriber.
1 2 3 42