More of our insights
Q2 2023 Corporate credit outlook: Déjà vu?
Macro sentiment around the path of interest rates, preference for risk-taking and the general economic outlook has had a remarkably similar impact on corporate credit in 2023 as it did in 1H 2022.
Higher credit spreads could represent unique opportunity
High yield spreads have spiked in March. This week’s chart looks at the YTD move and potential new opportunities in credit.
Treasury volatility hits 2008 levels amid macro pressures
Expected Treasury volatility spiked over the past week. This week’s chart looks at the MOVE Index, which rose to its highest point since 2008.
Rates are higher. And significantly more volatile.
As rates have risen, so has rate volatility. This week’s chart looks at the daily changes in the two-year Treasury yield over the past year.
Fed funds rate shows no sign yet of retreating.
Could markets be due for more Fed-driven volatility ahead? This week’s chart looks at market-based Fed rate expectations, which continue to rise.
Credit market commentary: January 2023
In a remarkable turnaround from last year’s pervasive negativity, credit markets rallied strongly in January.
