All insights
Be Aware Of Policy Change at the Fed
Our forecasts for longer dated government bonds were for yields to gradually rise during 2018, but not in an uncontrolled manner.
Should We Worry About Consumer Credit?
As the credit cycle develops across different economies, our asset allocation changes to reflect that, and if it looks to be at a mature stage in a specific country then our natural focus on credit quality becomes more important; we are always trying to avoid next year’s problem credits, whether in the financial, corporate or securitised markets.
If rates were to rise like 1994, would IG credit produce a positive return?
1994 was my first full year in the markets, and what a baptism of fire it was.
Supportive Technicals for AT1s
As we start the new year and approach the 5th anniversary since the issue of the first European Additional Tier 1 (AT1) bond (BBVA 9% Perp-18), it is a good time to re-assess the sector in the current market.
How robust are CLOs through a recession?
As most of our readers know, ABS is an asset class that lends itself well to detailed underwriting, from onsite due diligence through to cashflow and risk modelling.
Strong Technicals Dominate First Week's Trading
The magnitude of the strong beginning to the year has probably surprised even those who were forecasting a positive start to 2018.