All insights
Italy Agreement: More Hope Than Expectation
We are currently of the view that the market panic generated by the plan published by the new Italian government is a bit excessive.
ABS Risk Tiering
European ABS market performance and volatility have been remarkably stable since 2016, largely weathering broader credit weaknesses so far this year.
How Concerned Is The Fed With The Yield Curve?
After another week of yield curve flattening, we now have the 2s-10s curve in US Treasuries at just 43 basis points.
STS Revisions Fall Short of Game-changing
Last year we wrote about the forthcoming "STS" (Simple, Transparent and Standardised) regulation for securitisation, designed in part to harmonise eligibility and capital charges for ABS across the wider regulatory landscape.
China Demands More Attention in 2018
Paying attention to China will be even more important to investors than usual in 2018.
What we are not doing in High Yield
We have often started our portfolio discussions with clients this year with what we don’t like in fixed income. Unfortunately the list for 2018 is relatively long and quite large when measured on a market cap basis.