Markit

MARKIT RECAP

The apparent contradiction between optimism on economic growth and ultra-low government bond yields is preoccupying investors as we head into the summer....

MARKIT RECAP

It’s been a while since the eurozone’s periphery had any meaningful impact on broader market sentiment. Mario Draghi’s “whatever it takes” pronouncement in 2012 put paid to the regular bouts of volatility emanating from Europe’s beleaguered sovereigns....

MARKIT RECAP

Positive earnings, strong economic data, low default rates and – most importantly – a favourable monetary policy environment continue to place downward pressure on spreads. The Markit CDX.NA.IG was trading at 64bps in nearly May, which would be the tightest level this year if the roll effect in March is excluded....

Markit Recap

At the end of January, it seemed unlikely that the first-quarter of 2014 would be a positive one for credit markets. But that is exactly what happened, and central banks in the US and Europe appear to be laying the groundwork for a strong Q2....