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
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
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Where are the best opportunities at the short end of the curve?
Short Term Investments Committee
Stick or twist: The ECB stays tight-lipped on rates
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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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