Trade opportunities
Supporting competition in consumer lending
Trade opportunities
COVID-19 has left credit markets in anything but a normal state. This current lack of normalisation is characterised by wide bid/offer spreads, lack of intermediaries preparedness to provide any liquidity at all and a significant blowing out of credit spreads (in the case of corporate credit).
Trade opportunities
Early signs of investors and corporate issuers accepting the new normal of higher credit margins resulted in record issuance of Investment Grade (IG) corporate debt in the US together with a few sub IG issues.
Trade opportunities
FIIG thought it useful to track some key indices comparing the impacts on equity prices and credit spreads for both the GFC and this latest COVID-19 crisis.