A growing segment of BBB rated securities are priced to fall into the high-yield market, which could present opportunities for high-yield investors.
Catching Falling Angels: Finding Opportunities in Crossover Credit
Eugene Wong
Catching falling angels: finding opportunities in crossover credit
A growing segment of BBB rated securities are priced to fall into the high yield market. In our view, this trend could create opportunities for investors who are willing to look across both the ratings spectrum and credit sectors, say Portfolio Managers Seth Meyer and Brent Olson. Between the investment grade corporate bond market and
European equities: time for the US to take a back seat?
Investors have continued to favour US equities throughout much of the current long bull market, leaving Europe very much the unloved cousin for global investors. In this article, Portfolio Manager Nick Sheridan considers the value opportunity in European equities as we move further into 2019, against a contrasting backdrop of rising global trade tensions and further measures to stimulate European economies.
Tristan Broadcast Translations Issue Testing – British English Edited
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Euroland money trends suggesting 2020 recovery
Euroland money measures grew strongly in July, more than compensating for softer June data and suggesting improving economic prospects. Previous posts argued that economic momentum would bottom around Q3 and recover into 2020, based on a strong rise in six-month real narrow money growth between November 2018 and March 2019. The monetary pick-up stalled in
Why the US yield curve recession signal could prove misleading
Investors were spooked last week by a further inversion of the US Treasury yield curve but the manner of the inversion casts doubt on the validity of the associated recession warning.
Avis Choy
August PMIs: US / Euroland convergence
Narrow money trends have been signalling US economic weakness but a stabilisation of momentum in Euroland, with no recession – see, for example, here. August flash PMI results are consistent with this scenario.
Cody Law
