Fundamental: Market turmoil leaves credit in limbo
Recent market turbulence might get you asking 'just what sort of crisis is this?'. We think it's one that will be reflected in both short and long-term spreads. And this changes the investment decision. Initially, we'll see more volatile spread movements; later, higher funding costs. But many areas of value will be created. If the recent crisis of ...
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Mar 29, 2023, 1:59am
Fundamental: Market turmoil leaves credit in limbo
Recent market turbulence might get you asking 'just what sort of crisis is this?'. We think it's one that will be reflected in both short and long-term spreads. And this changes the investment decision. Initially, we'll see more volatile spread movements; later, higher funding costs. But many areas of value will be created. If the recent crisis of ...
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