What opinion do you hold that is most against the grain of analysis elsewhere?
Generally, the market still seems to be bullish about all structured paper; at current valuations I am getting a bit more reticent. The subordinated tranches of some deals have performed so well that I am now advising clients to sell into senior paper generally and into less well-known and high-profile credits which have lagged the market rally due to poor liquidity, to maintain yield. Not every client will w
The week on Risk.net, July 7-13, 2018Receive this by email