Bank Credit Weekly: Liquidity Driven Melt-Up Pulls Spreads Tighter
Liquidity remains the key driver of bank credit spread performance. The risk is that the rates market is underpricing the potential for an extended...
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Bank Credit Weekly: Jobs Report Shocker Flattens Curves
Job data raises uncertainty as the Fed continues to act as bartender. Financial stability risks appear binary while rates push credit spreads. Can...
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The Week That Was in ASEAN@Smartkarma - BNI Is Happening, Indonesian Hospitals, and the PSE
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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Bank Credit Weekly: Bull Steepening, but Is It Sustainable?
Treasury yields bull steepened while the melt-up led credit total returns. Yield conviction may build as April economic data is published; however,...
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Bank Credit Compass: Total Return Sweet Spot Moves, but May Rebound
The sweet spot for total return investors moved dramatically in April. However, as the month ended, the reflation trade returned. May could see a...
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