It is becoming repetitive to say it, but credit is again being driven by technical factors rather than concerns over fundamental credit quality.
Low government interest rates and uncertainty over the global economy mean investors see credit as a good middle ground between treasuries and equities. In addition, corporate de-leveraging means there is little new corporate bond issuance coming to market.
Very strong earnings and economic results in the first-quarter reporting seaso
The week on Risk.net, July 14–20, 2017Receive this by email