Why are credit spreads so tight?

Lloyd Harris, Head of Fixed Income, discusses how the persistent tightness in credit spreads remains a central theme in bond markets and highlights several factors underpinning this dynamic…

Bond markets and the tricky balancing act

With hindsight it was clear the UK was walking a tightrope when exiting the fiscal disaster that was the pandemic, much like many other countries. The ruling Conservative Party at the time briefly fell off when Liz Truss was allowed into office.

Is the world ready for this?

Well, what a couple of weeks it has been. Rachel Reeves’ Budget on 30th October, which some may have suggested was a bit different to the pre-election business-friendly rhetoric, almost feels like a distant memory. Just days later and now we have it, Donald Trump has been elected 47th President of the United States – to add to his role of 45th on his CV. Is the world ready? And can you be 47th president as well as the 45th? Questions aplenty!