Irish banks: a classic turnaround tale… and opportunity
The sector has gone from being one of the riskiest in Europe to among the safest – an excellent example of the situations we look for, and that our deep research and bottom-up approach allows us to benefit from.
Aggressive liability management activity pushes defaults higher
Higher default rate in European High Yield driven by a growing trend of aggressive liability management activity among over-levered issuers, increasing the risk of balance sheet restructuring events.
In Credit Weekly Snapshot – April 2024
Our fixed income team provide their weekly snapshot of market events.
Sector spotlight: renewables making their mark on EU emissions
European Commission data for 2023 shows the most significant drop in the region’s annual emissions since the Emission Trading System was introduced in 2005.
High yield bonds: focus on maturity over duration
The CT (Lux) European Short-term High Yield Bond strategy focuses on maturity over duration to manage risk. This means lower interest rate sensitivity and less volatility growth.
Sector spotlight: Dialling up the positivity on telecoms
European telecoms have turned a corner operationally and are in the best financial health for many years, which has led us to upgrade the sector.
In Credit Weekly Snapshot – March 2024
Our fixed income team provide their weekly snapshot of market events.
Chocks away! Airport passenger numbers – and financial metrics – recover
Increased numbers of fliers and supportive concession frameworks mean the industry retains a strong and steady credit trajectory.
NYCB blues… could events at the bank hit smaller institutions?
Is the banking system still vulnerable to aftershocks as central banks continue quantitative tightening?
India and Indonesia: assessing the impact of 2024 elections
Over the last decade, leaders in Indonesia and India have capitalised on their popularity and successfully enacted reform policies that have boosted long-term investment and exports.