All insights
Italian Mortgages, Natwest and COVID-19
We noted with interest two headlines yesterday: Italy to suspend mortgage payments amid outbreak and RBS and NatWest offer mortgage breaks for customers affected by coronavirus
Bank Of England Announces “Big, Big Package”
Our take on all of this is that the central bank has acted in a very targeted and timely way, adding large volumes of liquidity at even lower rates, along with significant capital to the banking system.
What Next For Bonds After 'Capitulation Day'
Monday was one of those days investment professionals will remember all their lives, and compare with similar standout days from the past.
Coronavirus Predatory Pricing is an ESG Red Flag
Companies, even earnings pressured ones, now need to seriously consider the negative impact on their long term cost of capital from short term decisions to shore up P&L.
Will central banks ease the coronavirus pain
The big question for us now is how long the impact of the virus may last, and how much of a supply and demand shock will there be as a consequence of the various efforts to stall its spread.
Coronavirus Contagion in Fixed Income
While there has been a rally in risk-off assets since January over coronavirus fears, credit markets have been largely resilient given strong technical demand, driven by huge inflows for bond funds and the wall of cash sitting on the sidelines.