Risky business?
November 17, 2017
High-yield bond indices are on track for their worst month since January 2016 How worried should we be? … More Risky business?
Category: high yield bonds
Private equity: comeback or comedown?
September 21, 2017
Private equity firms are on track to raise record funds. Big deals are on the cards and debt markets are open to fund them. … More Private equity: comeback or comedown?
Snakes in a drain: a new era for oil?
December 9, 2016
The OPEC deal announced last week helped to propel the price of a barrel of Brent Crude over the $50 mark, the highest for well over a year and almost double its January low. But prices have stalled since, underlining our view that this isn’t a one way ticket. So where next for oil?
Defaults and dislocation
April 11, 2016
The bad news first: we start the second quarter with dark clouds gathering. The ECB has pulled out negative rates as its last available weapon to re-energise European economies. UK GDP growth forecasts have been revised downward again. Many companies are complaining of the most difficult trading conditions since the credit crisis. There’s talk of … More Defaults and dislocation
Hopes and fears in six charts
March 4, 2016
Global equities reached an eight week high this week. In the way this works now, this is partly because of some good news and also because of some bad news that becomes good news because it’s raised hopes for further/continued stimulus. While we all ponder how on earth we got into this confused state, here … More Hopes and fears in six charts
Sense and sensibility
February 26, 2016
Market sensibility means we have to take a deeper dive into the underlying data to get a clearer understanding of what’s going on. We find that corporate sense is keeping M&A in fashion, debt markets are beginning to show the strain in places and it’s all about windows…..
Previewing 2016: There may be trouble ahead…
January 11, 2016
..but while there’s liquidity, spare cash and romance let’s face the market and transact! The prevailing corporate attitude in 2015 was to fight disruptive forces, low growth and uncertainty by transforming the portfolio and building resilience. Our base case for 2016 is that companies will face similar challenges, turned up a notch. There’s an air … More Previewing 2016: There may be trouble ahead…
