All insights
Thames Water – A fluid situation
We previously blogged about Thames Water in July last year but it’s rapidly refloated to the top of UK credit market concerns. Following more recent events, where do we think Thames Water go from here?
Labour markets strength continues
Labour market data in the US was stronger than expected on Friday. US Treasuries reacted accordingly with a 10 bps sell-off with Gilts and Bunds moving in the same direction but in a calmer fashion.
Bumps in the road but CLOs delivered in Q1
After delivering a stunning 2023, collateralised loan obligations (CLOs) were once again one of the top performers in Q1. That leaves us with the question, where do we go from here?
What are corporate hybrids and how do they work?
Corporate hybrids are bonds issued by companies that combine characteristics of both debt and equity.
Eventful few weeks in European high yield
It has been an eventful few weeks in the European high yield market. After waiting a long time for a bus to come along, three have come along at once.
Q1 recap: macro drivers and fixed income performance
Quarter ends are always a useful time to take a step back and assess what the main macro drivers during the quarter were, which trades worked and which did not and to refresh macro views for the next period.