All insights
Strategic Income - Quarterly update - July 2018
Mark Holman discusses Q2 performance for the Strategic Income strategy and looks forward to the rest of the year.
Credit Conditions Survey- steady as she goes
The area that caused the most concern in the Q1 report was the big drop in availability of unsecured credit to households; however, availability was unchanged in Q2, thanks in particular to a change in appetite for risk from lenders, and also an improvement in market share objectives.
Welcome Diversity
In the past two years the diversity of supply in the ABS market has been restricted by the availability of cheaper funding alternatives, both in the Eurozone through the TLTRO and in the UK, where the BoE Term Funding Scheme has suppressed issuance from the traditional banks and building societies.
Summer Supply Creates Pricing Opportunity
It’s been an interesting week for European CLOs; one of our favourite picks in fixed income.
This Cycle’s Low Yields Are Behind Us
Credit metrics, as measured by the rating agencies, continued to improve throughout the first half of this year, with all corners of the globe having comfortably more upgrades than downgrades.
Resurrection Of A Market
The last ten year period has seen supply from various parts of the ABS market ebb and flow.