In our first monthly roundup of the factors driving activity in the secondary market, we look at how sovereign risk and a glut of primary issuance are affecting spreads.
Credit investors entered 2010 cash-rich and hungry for yield. The market duly started strongly, with secondary spreads tightening in the first week of January. Speculative grade assets and other higher yielding areas of the market – notably subordinated bank debt – made particularly strong gains.
However, the second week of tradin
The week on Risk.net, July 7-13, 2018Receive this by email