Reflation remains in play

Markets continue higher as Biden is sworn inThe ongoing reflation trade fuelled ahead of Yellen’s testimony has set the tone for the week’s trading activity – Commodities pushing higher alongside Asian equities and a weaker USD. All-time highs for US indices, the small cap Russell 200, S&P 500 and the...

The zombification of European corporates. A top-down analysis to better identify credit opportunities

Beware of zombies! As leverage rises to a record level, it becomes indispensable to cherry-pick corporate risk. In this analysis, we attempt to identify sectors and countries which offer the best risk-reward ratio for euro corporate bonds. High-grade credits paying above average can be found in the Consumer discretionary space,...

Podcast: Inauguration Day

Today, a look at the end of the short Trump era and the transition to a Biden presidency today, including the priority list from incoming Treasury Secretary Janet Yellen after her nomination hearing yesterday. We also dive into the latest on volatile Italina politics and how the ECB continues to...