Where next for the rally?

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Investors prep for June rate cuts

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The bulls are in control

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Sun setting on the tightening cycle

A busy month of news pertaining to the liquidity markets ended on a high note when the US Federal Reserve maintained the target fed funds rate at 5.25-5.50% and pushed the probable first rate hike to late spring at the earliest. Degrees of confidence US Federal Reserve Chair Jerome Powell returned to the word “confidence” […]

Corporate fundamentals: Opportunities and challenges within credit dispersion

Colorful containers neatly arranged

Credit fundamentals continued to modestly weaken towards the end of 2023, with both leverage and interest coverage metrics trending towards long-term averages from the lows and highs respectively witnessed a year ago, as shown in Figures 1 and 2 below. Figure 1: Leverage increasing towards long-term averages Source: BofA, as at 31 December 2023. Figure […]

Outlook brightens for emerging market debt

Blue sky in the horizon city and bridge

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Where are the best opportunities at the short end of the curve?

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Short Term Investments Committee

Stick or twist: The ECB stays tight-lipped on rates

European Central Bank Frakfurt

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Inflation: Is the party over?

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Will 2024 be the year of the stock picker?

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