All insights
The Fed Has Raised The Bar (Again) With HY Support
When the Fed announced last month that it would be buying investment grade corporate bonds, it was said to have thrown the kitchen sink at the coronavirus problem. After this latest move, there are holes where the kitchen cabinets used to be.
Primary Bond Markets Escape Lockdown
It has been a positive sign for us that despite lockdowns being enforced in most of the major economies around the world, in the last two weeks several issuers have managed to successfully raise new debt via the primary market.
Corporate Bond Fund Q1 2020 Update
Q1 2020, or more specifically March 2020, will go down in history as a game changer.
Primary Pause Positive for Prices in ABS
After a period of material weakness in spreads and general market stress, the common ingredient to recent corporate bond spread stability and subsequent strength has been the resurgence of the primary market.
ARC Q1 2020 Update
Q1 2020, or more specifically March 2020, will go down in history as a game changer.
Where Next For Fixed Income? 10 Thoughts
Having started the year with low yields and tight spreads, fixed income markets had the most brutal month I can recall in March and have been repriced in the most aggressive manner imaginable. The dust does appear to have settled and a more balanced market without ‘fire sale’ pressure has returned, so we thought it was worth recapping where we are today and sharing some thoughts for the journey ahead.