15-Sep-2022 Good Morning! Credit Outperformed yesterday on what was a relatively quiet day. UK CPI came in better than expected from Credit Market Daily #18

14-Sep-2022 Good Morning! Expectations met reality yesterday as US CPI came in stronger MoM than the market was expecting. The from Credit Market Daily #17

13-Sep-2022 Good Morning! Another risk-on day across Credit, Rates and Equity. “The Market Expects”. It certainly does – welcome to from Credit Market Daily #16

12-Sep-2022 Good Morning! Quite the Rally on Friday. It is always worth asking “what has changed?”. We have had the from Credit Market Daily #15

09-Sep-2022 Good Morning! Friday is here – overall opening positive day for credit and equities. We would expect UK markets from Credit Market Daily #14

08-Sep-22 Good Morning! The ECB will likely dominate today, with the BOE and Fed next week and the week after from Credit Market Daily #13

07-Sep-22 Good Morning! Credit: High Yield European High Yield ended the day small up. There was little in the way from Credit Market Daily #12

06-Sep-22 Good Morning! Yesterday’s give back saw CDS indices widen first thing and then stay there. Xover widened some 30bps from Credit Market Daily #11

05-Sep-22 Good Morning! In CMD #1 we likened the market to Dr Doolittle’s 2 headed Pushmi-Pullyu. Friday’s close in Europe from Credit Market Daily #10

02-Sep-22 Good Morning! We did not get capitulation yesterday – Xover ended the day flat having opened wider and credit from Credit Market Daily #9

01-Sep-22 Pinch, Punch First of the Month! The markets are definitely feeling as if they have been pinched and punched from Credit Market Daily #8

31-Aug-2022 Good Morning! Yesterday did indeed prove weak as inflationary pressures remained in the fore – “Jackson Hole Indigestion” continued from Credit Market Daily #7

30-Aug-2022 Welcome back after the Bank Holiday Break – we hope you had a good one. In credit, our expectation from Credit Market Daily #6

26-Aug-2022 Morning! So, where are we? Xover ended the day at 529 around 10bps tighter on the day and is from Credit Market Daily #5

25-Aug-2022 Hello – Credit has opened a touch better with Xover around 7 bsps tighter at time of writing to from Credit Market Daily #4

24-Aug-2022 Afternoon! We bring you this blog post later than usual – but with no less enthusiasm. So – bit from Credit Market Daily #3

23-Aug-2022 Good Morning! Reality bit somewhat yesterday in European High Yield and Xover leaked a further 26 basis points wider from Credit Market Daily #2

22-Aug-2022 Good morning! So where are we? Itraxx Crossover is back above 500 having completed a 10 day round trip from Credit Market Daily

Markets were little changed this week. The most notable event was the revision of the Bank of England’s guidance on from Musings on Markets (Dated 07/08/2022)

25th – 31st July Competing narratives between the need to scale back rate hikes to bolster a slowing economy & from Musings on Markets (Dated 31/07/2022)