Dominic Pegler, Head of fixed-income strategy, BGI, London
Liquidity in the credit markets has either slowed to a trickle or else completely dried up; issuance of structured fixed-income products has more or less stopped; the queue of loans waiting to be issued is reportedly in the region of $200-300m. It certainly sounds like a case of severe market indigestion.
At the same time, though, the markets are doing what they are supposed to do - allowing prices to adjust in response to new market i
The week on Risk.net, July 7-13, 2018Receive this by email