All insights
ECB Update On Loan Availability
Following on from Gary’s recent blog Credit Still Being Cycled, this week the ECB released their quarterly Euro Area Bank Lending Survey for the first quarter of 2018, and it paints a slightly different picture to the Bank of England’s report in one area in particular.
Yield Curve Shape and Recessions
The rapidly flattening US Treasury yield curve is prompting a lot of questions about the shape of the curve and it being a good predictor of upcoming recession.
Unreliable Boyfriend Running Late For Dinner
"One day hot, one day cold, and the people on the other side of the message are left not really knowing where they stand."
Strategic Income - Quarterly update – April 2018
Gary Kirk discusses Q1 performance for the Strategic Income strategy and looks forward to the rest of the year.
Outcome Driven - Quarterly update – April 2018
Chris Bowie looks at the performance of the Outcome Driven strategy for Q1 and provides his outlook for the rest of the year.
ABS - Quarterly update – April 2018
Ben Hayward looks at the Q1 performance for Asset Backed Securities and provides an outlook for 2018.
Q2 Could Be The Best For Risk in 2018
As we now are well into the Q1 earnings season we have been debating how the current quarter could well be the best for risk in 2018.
Credit Still Being Cycled
Yesterday the Bank of England released its quarterly Credit Conditions survey, which as our regular readers know, along with the Fed’s Loan Officer survey and the ECB’s Bank Lending Survey, we consider to be an important indicator on the health of the credit cycle.
Is Portugal expensive, or is Italy cheap?
When valuations in fixed income are this stretched, we must be on the lookout for overbought assets to avoid, and unloved assets offering a rare opportunity to pick up yield.
It’s Still All About The Fed
A lot has been packed into a short week but, despite all the political posturing and rhetoric surrounding trade tariffs, it is still central bank policy that ultimately drives market sentiment and this week we have seen key inputs from leading players at the most important central bank of all, the US Federal Reserve, that have been somewhat overshadowed by more sensationalist news from the political arena.
Looking at all of the Dot Plots
Last Wednesday the Fed raised interest rates in the US for the sixth time since it began this hiking cycle at the end of 2015.
Hammer Time? No it’s Politicians’ Time
On Sunday Lewis Hamilton begins his quest for a 5th Formula One World Championship.