FICC Focus

Driving Illiquid Muni Pricing with AI: Masters of the Muniverse

28 Feb 2024

Contributed by Lukas

For a market notoriously known for resisting change, the municipal bond market is arguably one of the most in need of advanced technologies. Artificia...

SocGen’s Kalen Remains Upbeat on Emerging Market Carry: EM Lens

27 Feb 2024

Contributed by Lukas

Emerging market carry should continue to outperform, as the fall in foreign exchange volatility reflects capitulation by dollar bulls. In this month’...

Acadian’s Richardson Dives Into Systematic Credit: Credit Crunch

23 Feb 2024

Contributed by Lukas

Systematic credit investors seek to capitalize on mispricings that can be overlooked or hard to identify in more traditional investment strategies. Sc...

Bitcoin ETFs, 0DTEs With CBOE: All Options Considered

19 Feb 2024

Contributed by Lukas

In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Catherine Clay, Global Head...

Inflation and Policy Pivots with Seth Carpenter: Macro Matters

15 Feb 2024

Contributed by Lukas

Seth Carpenter, chief global economist at Morgan Stanley, expects the Federal Reserve to taper its balance-sheet policy in May and to begin easing int...

High Yield 1Q24 Investor Survey and Outlook: Credit Crunch

13 Feb 2024

Contributed by Lukas

High yield had a great 2023 in both US and Europe, due to a strong 4Q rally in rates and spreads. In Europe, the index default rate stands at 0.8% and...

Akin’s Abid Qureshi; BI on WeWork, Gol: State Of Distressed Debt

12 Feb 2024

Contributed by Lukas

Sticky high rates have put an elevated floor under distressed supply. That’s the first topic Noel Hebert, Bloomberg Intelligence’s head of global ...

Man Group’s Moniot on Rise of Credit Risk Sharing: Credit Crunch

09 Feb 2024

Contributed by Lukas

Credit-risk sharing structures have undergone a significant evolution since the financial crisis, leading us to explore its emergence in markets and t...

Here We Go Again -- Dollar Bulls Back in Charge: FX Moment

07 Feb 2024

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence (BI) chief G-10 FX strategist, discusses the dollar's prospects in...

Unpacking January’s FOMC Meeting With BE’s Wong: Macro Matters

01 Feb 2024

Contributed by Lukas

The risk of inflation re-accelerating is really in the last three months of 2024, says Anna Wong, chief US economist at Bloomberg Economics. In this ...

Game-Planning 2024 Election Impacts: Masters of the Muniverse

30 Jan 2024

Contributed by Lukas

With the election year well on its way, peak partisanship and geopolitical volatility may mean increased risk for municipal bond markets. Though past ...

Blue Owl’s Packer on Direct Lending’s Long Runway: Credit Crunch

26 Jan 2024

Contributed by Lukas

Blue Owl has grown from a few ideas to an alternatives manager with over $150 billion in assets under management, including almost $80 billion in cred...

State of Fixed Income, With UBS’ Bobby Martin: Macro Matters

22 Jan 2024

Contributed by Lukas

“In the 12 months following a rate hiking cycle, typically, going out duration has a really strong potential return,” says Bobby Martin, Co-Head o...

Easing Cycle and Cross-Asset Volatility: All Options Considered

22 Jan 2024

Contributed by Lukas

In this edition of the All Options Considered podcast, BI's chief global derivatives strategist Tanvir Sandhu is joined by Nancy Davis, founder of Qua...

G3+ Deep Dive Summary — Asynchronous Rate Cycle: Macro Matters

17 Jan 2024

Contributed by Lukas

Global rate cuts seem certain, but the timing is less so. In this episode of the Macro Matters edition of the FICC Focus podcast, host Ira Jersey, Blo...

Keep Calm, Carry On with Leveraged Loans and CLOs: Credit Crunch

16 Jan 2024

Contributed by Lukas

CLOs are driving loan supply and in this Credit Crunch podcast, host Mahesh Bhimalingam, Bloomberg Intelligence Chief European Credit Strategist and P...

Canyon’s Sheffield; Latest on Rite Aid, Audacy & More: State of Distressed Debt

13 Jan 2024

Contributed by Lukas

Noel Hebert, Bloomberg Intelligence’s chief US credit strategiest and Philip Brendel, BI distressed credit analyst, talk about the seasonal credit t...

Looking at G-10 FX Prospects in a Weak-Dollar World: FX Moment

12 Jan 2024

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence (BI) chief G-10 FX strategist, discusses 2024's currency prospects...

Identifying Alpha Opportunities in EM Rates, Credit and Foreign Exchange: EM Lens

10 Jan 2024

Contributed by Lukas

Emerging markets enter the new year on a high note as fixed-income investors continue to embrace the soft landing narrative. In this month’s EM Lens...

Fed’s Lips Are Getting Looser, Says Mike McKee: Macro Matters

04 Jan 2024

Contributed by Lukas

The Federal Reserve’s communications have gotten more open — perhaps too open — during the time Michael McKeehas covered the central bank for B...

Looking Ahead and Reflecting on Rates, Credit and Currencies: FICC Focus

28 Dec 2023

Contributed by Lukas

What might we expect in the New Year for rates, fixed income and currency markets? The FICC Focus team looks ahead to 2024, and reviews some memorable...

Volatility Wrapped - Key Themes of 2023: All Options Considered

21 Dec 2023

Contributed by Lukas

In this edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu gives a brief overview of ...

KKR’s Pietrzak on Private Credit Filling the Void: Credit Crunch

19 Dec 2023

Contributed by Lukas

Returns, diversification and the derisking of bank balance sheets are among contributors to the growth in private credit in recent years. KKR Partner ...

2023 in Rearview, How Banks See 2024: Masters of the Muniverse

15 Dec 2023

Contributed by Lukas

JP Morgan’s Head of Municipal Research and Strategy Peter Degroot, Wells Fargo’s Head of Municipal Markets Strategy Vikram Rai and Barclays’ Hea...

Fed’s Dovish Surprise With BE’s Stuart Paul: Macro Matters

14 Dec 2023

Contributed by Lukas

“The last mile on inflation will be difficult, but the Fed is more optimistic that they can thread the needle,” says Stuart Paul, US and Canadian...

Carronade Capital’s Andy Taylor; Purdue at SCOTUS Takeaways: State of Distressed Debt

12 Dec 2023

Contributed by Lukas

Noel Hebert, head of Bloomberg Intelligence’s global credit strategy, and Philip Brendel, BI distressed-credit analyst, review the credit markets’...

2024 Credit Outlook and Private Credit Focus: Credit Crunch

11 Dec 2023

Contributed by Lukas

The inflation vs. recession debate is crucial to the 2024 outlook and the path of central bank rate cuts critical for all markets, including credit. T...

Navigating Dollar, Asia FX in Changing Economic World: FX Moment

07 Dec 2023

Contributed by Lukas

The latest FX Moment podcast focuses on how evolving macroeconomic narratives could shape the US dollar outlook into 2024, with persistent uncertainti...

Don’t Be Naive After a November to Remember in EM Debt: EM Lens

06 Dec 2023

Contributed by Lukas

Emerging-market creditors are riding high after another strong November, with returns ranging from 5-6%. In this month’s EM Lens & Look-Through podc...

Arcmont’s Cavalier, Brooks on All-Weather Credit: Credit Crunch

30 Nov 2023

Contributed by Lukas

Rising volatility, maturity walls and the withdrawal of traditional lenders are driving issuers and investors to capital solutions experts in the priv...

Tax-Loss Harvesting Comes to Muniland: Masters of the Muniverse

28 Nov 2023

Contributed by Lukas

There’s been heightened volatility in rates and tax-loss harvesting may or may not be the best course of action. On this episode of Masters of the M...

Rate Markets Mispricing Early Interest Rate Cuts: Macro Matters

23 Nov 2023

Contributed by Lukas

Rate markets are mispricing early interest rate cuts by the Federal Reserve and the European Central Bank, Bloomberg Intelligence interest rate strate...

Brandywine Global's McClain on Risk, Value in High Yield: Credit Crunch

21 Nov 2023

Contributed by Lukas

Economic and monetary policy uncertainty have been among the few constants confronting credit markets throughout 2023, generating divergent views arou...

Fed More Macro-Relevant Than China, Russia & Israel: EM Lens

16 Nov 2023

Contributed by Lukas

Emerging market investors have found the Fed more macro-relevant than China, Russia or Israel in recent weeks, as equities are up, oil is down, spread...

Rout and Rally: Investing In a 5% World: Credit Crunch

14 Nov 2023

Contributed by Lukas

The inflation vs. recession debate and how that will drive a Fed pause vs. pivot dynamics is casting a shadow over all markets, including credit. The ...

Revisiting Dollar Price Action as Bears Look to 2024: FX Moment

10 Nov 2023

Contributed by Lukas

Our latest FX Moment podcast focuses on changes in US dollar price action and what can be learned when it comes to finalizing 2024 US dollar prospects...

Electric Capital's Meyers on Crypto; Hertz Post-Petition Interest Row: State of Distressed Debt

07 Nov 2023

Contributed by Lukas

Distressed debt has risen sharply in the past two weeks, with the outlook increasingly uncertain heading into year-end. Global Credit Strategy head No...

UK Focus Shifts to 2024 Cut Pricing: All Options Considered

03 Nov 2023

Contributed by Lukas

The bar has increasingly moved higher for the Bank of England to hike again in this cycle after leaving rates unchanged for the second consecutive mee...

BI Rates’ November FOMC and Refunding Recap: Macro Matters

02 Nov 2023

Contributed by Lukas

“Our view is that the Fed is done hiking. But the question now turns to how long the Fed maintains rates at this level,” Ira Jersey, Bloomberg Int...

Oaktree's Panossian on Compelling Credit Options: Credit Crunch

31 Oct 2023

Contributed by Lukas

“There's not enough private credit capital relative to private equity demand,” Armen Panossian, managing director, head of performing credit and i...

TCW’s Whalen on Strategy for a ‘Not Soft Landing’: Credit Crunch

27 Oct 2023

Contributed by Lukas

“There’s always an opportunity at the issuer level in leveraged finance,” Bryan Whalen, co-chief investment officer and a generalist portfolio m...

Taper With No Tantrum as Tighter Conditions Take Hold: EM Lens

25 Oct 2023

Contributed by Lukas

Emerging market risk premia is on the rise, as higher geopolitical risk amplifies the impact from tighter financial conditions. In this month’s EM L...

Growing a Fledgling Fund Amid Muni Chaos: Masters of the Muniverse

19 Oct 2023

Contributed by Lukas

Rates are higher (for longer, if we’re being honest), the curve is pancaking and, once again, fixed-income losses will be headline fodder. However, ...

Rise of Zero-Day Options With CBOE: All Options Considered

16 Oct 2023

Contributed by Lukas

In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Mandy Xu, Head of Derivativ...

PGIM’s Robert Tipp on Global Bond Markets: Macro Matters

12 Oct 2023

Contributed by Lukas

“There’s no hope on the [US federal] deficit front,” says Robert Tipp, PGIM’s Chief Investment Strategist and head of global bonds on this 200...

High Yield 4Q23 Investor Survey and Outlook: Credit Crunch

10 Oct 2023

Contributed by Lukas

High yield had a great year in terms of returns in both US and Europe. In Europe, we saw just two index defaults this year and the proportion of stres...

Damodaran on Valuation; Latest on Hawaiian Electric, Diamond Sports, and More: State of Distressed Debt

06 Oct 2023

Contributed by Lukas

“Disruptors can ruin the status quo, but they can replace the status quo with something that is not sustainable because it doesn’t have a core bus...

Can't Underestimate US Recession Risks, Dollar Effect: FX Moment

05 Oct 2023

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, and Stuart Paul, Bloomberg Economics' US...

Man Numeric's Kamenski, Lam on Systematic Credit Evolution: Credit Crunch

28 Sep 2023

Contributed by Lukas

“Your optimized portfolio isn't optimal if you can't trade it.” Paul Kamenski and Robert Lam, co-heads of credit for Man Numeric, join Noel Hebert...

Discussion on Call Overwriting, Rates, 0DTE: All Options Considered

26 Sep 2023

Contributed by Lukas

In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Pierre de Saab, Partner at ...

BOE Hits Pause, But For How Long?: All Options Considered

25 Sep 2023

Contributed by Lukas

In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Dan Hanson, Senior UK Econo...

Infrastructure Becomes Locked Market in Muniland: Masters of the Muniverse

22 Sep 2023

Contributed by Lukas

Despite trillions being passed through recent bills to reduce inflation and spur infrastructure spending, neither goal has really been met. At first b...

Post-FOMC Rate Review With BNP Paribas’ Marshall: Macro Matters

21 Sep 2023

Contributed by Lukas

“The 10-year Treasury ending the year around 4.2-4.3% seems fair, but the recent selloff has been overdone,” William Marshall, head of US rates st...

Paul Hastings' Hansen on Crypto, Mass Tort, & 'Creditor-on-Creditor Violence'; Latest on Yellow, 3M, and Diamond Sports: State of Distressed

19 Sep 2023

Contributed by Lukas

In this month’s State of Distressed Debt edition of the FICC Focus podcast, Bloomberg Intelligence global credit strategy head Noel Hebert and distr...

Questions From West Coast Investor Trip: Macro Matters

17 Sep 2023

Contributed by Lukas

Should the US economy avoid a recession over the coming months as anticipated by the Bloomberg Economics team, the Federal Reserve may remain on hold ...

Isolating Idiosyncratic Risk Factors in EM Dollar-Pay Debt: EM Lens

15 Sep 2023

Contributed by Lukas

Emerging market currency volatility is on the rise, as the dovish tilt in monetary policy causes real yield differentials to converge with the US and ...

Sustainability and ESG In Credit: Why Bother?: Credit Crunch

12 Sep 2023

Contributed by Lukas

Credit markets saw stupendous growth in socially responsible and green bonds from a variety of credits and many sustainability and ESG specialized fun...

Bigger BRICS Renews Dollar Demise Talk, But In Vain: FX Moment

06 Sep 2023

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, and Stephen Chiu, BI chief Asia FX and r...

Active Management, Fixed Income Chaos: Masters of the Muniverse

30 Aug 2023

Contributed by Lukas

Money has been leaking out of municipal mutual funds this year, but the same can’t be said for alternative products, such as exchange traded funds, ...

Hildene's Jefferson, Mehra on Structured Strength: Credit Crunch

25 Aug 2023

Contributed by Lukas

The keys to evaluating structured credit are “the value of the assets, the value of the structure and the value of the option,” according to Brett...

US Rate-Market Review With TD’s Gennadiy Goldberg: Macro Matters

24 Aug 2023

Contributed by Lukas

The Treasury market selloff throughout August was in part due to increased issuance, but largely driven by the market repricing the future path of mon...

Credit Correction: Is That Enough? - Credit Crunch

22 Aug 2023

Contributed by Lukas

Credit markets have had a correction in the past month, across the board. It takes us to an interesting juncture where we ask if the correction has lo...

Euro Bullish Cyclical Narrative Holds But Only Just: FX Moment

14 Aug 2023

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G10 FX Strategist and Maeva Cousin, senior euro area economi...

Losada on Extracting Excess Returns in Latin America: EM Lens

11 Aug 2023

Contributed by Lukas

Latin America central banks continue to focus on inflation, yet fiscal deficits remain elevated and growth is in decline. In this month’s EM Lens & ...

BI’s Adelberg on Mortgage-Backed Securities: Macro Matters

10 Aug 2023

Contributed by Lukas

Spreads of mortgage-backed securities may remain wide, though net and gross supply could remain depressed given interest rate and housing market dynam...

Brubaker on ‘Non-distressed’ Debtors; Latest on J&J, Crypto, Cineworld: State of Distressed

07 Aug 2023

Contributed by Lukas

The red-hot credit rally leaves debt markets vulnerable ahead of historically-worst months, Bloomberg Intelligence Global Credit Strategy head Noel He...

BOE Steps Down Pace on Lack of Upside Surprises: All Options Considered

04 Aug 2023

Contributed by Lukas

The Bank of England stepped down the pace of tightening as it closes in on the peak but isn't quite yet done and remains highly data dependent. In thi...

Riding Volatility as Turmoil Recedes: All Options Considered

31 Jul 2023

Contributed by Lukas

The re-risking with the market being chased higher has crushed equity volatility while the skew in rates at the back of the curve is toward higher yie...

Post-Federal Reserve Meeting Thoughts: Macro Matters

27 Jul 2023

Contributed by Lukas

The Federal Reserve may remain on hold for the rest of the year as inflation should moderate, Chief US Economist for Bloomberg Economics Anna Wong say...

Castlelake Co-CEO on Asset-Based Private Lending: Credit Crunch

25 Jul 2023

Contributed by Lukas

Asset-based finance has moved nearer center stage in the fast growing private credit market, competing with corporate direct lending for attention. Ca...

Green Shoots Are Sprouting in Emerging Market Debt: EM Lens

21 Jul 2023

Contributed by Lukas

Green shoots are forming in emerging market debt as growth slows, inflation eases and the geopolitical climate turns more market friendly. In this mon...

Carlyle's Pavelski on Private Credit; Latest on Crypto, Audacy

19 Jul 2023

Contributed by Lukas

BI global credit strategy head Noel Hebert, distressed credit analyst Philip Brendel and bankruptcy litigation analyst Negisa Balluku discuss how cred...

Building a Better Muni-Management Trap: Masters of the Muniverse

18 Jul 2023

Contributed by Lukas

The landscape for municipal asset management has been changing over the past year, and there’s been lower beta options such as exchange traded funds...

Time Has Come for a Revival of Dollar Bear Views: FX Moment

13 Jul 2023

Contributed by Lukas

The Fed's nearing rate peak and evidence of a turning US economy should revive the bearish view of the US dollar in 2H. In our latest FX Moment podcas...

High Yield 3Q23 Survey and Outlook: Credit Crunch

11 Jul 2023

Contributed by Lukas

European high yield has had just two defaults this year and the proportion of stressed and distressed bonds is under control after a positive 1H for r...

Post-Payrolls Rate View, RRP During TGA Rebuild: Macro Matters

07 Jul 2023

Contributed by Lukas

The Treasury yield curve may remain inverted for quite a while, but bull steepening could begin as the Federal Reserve finished its interest rate hike...

A Review of Global Central Bank Policy Actions: Macro Matters

29 Jun 2023

Contributed by Lukas

After central banks gathered in Portugal at the ECB Forum earlier this week, a turn in European inflation and a strong 1Q GDP revision in the US cause...

Waterfall’s Jack Ross Talks Structured Markets: Credit Crunch

28 Jun 2023

Contributed by Lukas

Structured credit markets have evolved into a multi-trillion dollar asset class, one that we dive into in the latest episode of Credit Crunch, part of...

BOE Goes Faster Increasing Stagflation Risk: All Options Considered

23 Jun 2023

Contributed by Lukas

The Bank of England remains highly data-dependent, re-accelerating to a 50-bp hike "at this particular meeting" given the upside inflation surprises. ...

Building A Bullish Narrative in EM Local Debt: EM Lens

22 Jun 2023

Contributed by Lukas

An improving inflation outlook alongside weaker cross-asset volatility and more moderate global growth is contributing to the bullish narrative in EM ...

Bloomberg Economics’ Anna Wong on Fed Jawboning: Macro Matters

16 Jun 2023

Contributed by Lukas

The Federal Reserve may not hike the additional 50 bps shown in the infamous “Dot Plot” at the June monetary policy meeting, Bloomberg Economics’...

Muni Ladder Strategies Can Boost Returns: Masters of the Muniverse

15 Jun 2023

Contributed by Lukas

The stage is set for municipals to look better vs. other fixed income in 2023-2024. Though fund flows remain a concern, the asset class’ ability to ...

Pretium's Matt Cantor on Litigation Finance; Latest on Serta, Incora, FTX and Diamond: State of Distressed Debt

12 Jun 2023

Contributed by Lukas

Credit markets have a dour seasonal outlook and piecemeal restructurings are flailing. BI Global Credit Strategy head Noel Hebert, distressed credit a...

Credit Troubles in Size, ESG and CDS: Credit Crunch

09 Jun 2023

Contributed by Lukas

European credit markets have shifted since the banking crisis and the rally that followed, especially the shrinkage in junk. It's always interesting t...

Not Easy Being a Euro Bull, But It's No Time to Quit: FX Moment

07 Jun 2023

Contributed by Lukas

Ever-changing drivers and low FX conviction views have been consistent with a $1.06-$1.10 euro-dollar in recent months, but a break of $1.10 toward $1...

Abrdn’s Mondillo on Private, Public Corporates: Macro Matters

01 Jun 2023

Contributed by Lukas

Corporate fixed income looks attractive compared with equities, Abrdn’s Jonathan Mondillo, head of North American fixed income says. Mondillo joins ...

Credit After Crisis - US vs. Europe: Credit Crunch

25 May 2023

Contributed by Lukas

The banking crisis on both sides of the Atlantic led to significant repricing and revaluation in credit markets globally. But the rally following gove...

Time to Talk About China's Recovery Again: FX Moment

24 May 2023

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, and Stephen Chiu, Chief Asia FX and rate...

Inside Zero-Day Options With CBOE: All Options Considered

23 May 2023

Contributed by Lukas

Questions have arisen around the growth of zero-days to expiry options, which now make up more than 40% of the overall volume of SPX options traded, a...

Assessing Opportunities and Risks Across EMEA Region: EM Lens

22 May 2023

Contributed by Lukas

Geopolitical risk is accelerating across Eastern Europe, the Middle East and Africa, yet the region continues to outperform as end-of-cycle dynamics t...

Schroder's Lisa Hornby on Mortgages, Corporates: Macro Matters

18 May 2023

Contributed by Lukas

Lisa Hornby, Schroder Investment Management’s Head of Multi-Sector Fixed Income, says mortgages and shorter-term Treasury securities are more attrac...

Fixed Income Manager Sees Opportunity: Masters of the Muniverse

12 May 2023

Contributed by Lukas

Despite positive year-to-date performance, navigating the heightened volatility in the rates market and declining new issue sales have been just some ...

Bank of England, ECB, Fed Policy Decisions: Macro Matters

11 May 2023

Contributed by Lukas

The market interpreting comments following the Bank of England’s 25-bp rate increase at the May policy meeting doesn’t square with the view of Blo...

Credit Index Futures: A New Frontier: Credit Crunch

10 May 2023

Contributed by Lukas

Market downswings and rallies and concern about the next crisis have been major preoccupations over the past two years. A significant credit-market in...

Corbin’s Bergstrom on Credit Landscape: State of Distressed Debt

05 May 2023

Contributed by Lukas

“I worry less about liquidity risk because we’re generally assuming there isn’t liquidity there. I worry more about recovery risk. If something ...

Eurozone & UK Rate Markets With ING Research: Macro Matters

04 May 2023

Contributed by Lukas

ING’s Antoine Bouvet, head of European rates strategy and James Smith, developed market economist, join Bloomberg Intelligence’s Chief US Rates St...

Let's Talk Sterling Recovery, UK Economic Prospects: FX Moment

03 May 2023

Contributed by Lukas

In our latest FX Moment podcast, host Audrey Childe-Freeman, Bloomberg Intelligence chief G-10 FX strategist, discusses her still-positive sterling ou...

Discussion on Cross-Asset Volatility: All Options Considered

28 Apr 2023

Contributed by Lukas

In this edition of the All Options Considered podcast on volatility, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Matthew Tym, ...

Crossover Buyer Lifts Value Lens Hood: Masters of the Muniverse

27 Apr 2023

Contributed by Lukas

Municipal performance through the first four months of 2023 is a semi-welcome respite from the tough 2022 that many asset managers faced. The tax-exem...

High Yield 2Q23 Survey and Outlook: Credit Crunch

26 Apr 2023

Contributed by Lukas

European high yield had its first default but the proportion of stressed and distressed bonds is under control after a positive first quarter for retu...