Ain’t no tariff high enough: another blow to the auto sector?
At this pivotal moment for the sector, the value of stability has never been clearer, according to fund manager Hoy Wan.
Who are the winners and losers from Trump tariffs?
Credit Analyst Joe Macland considers some potential impacts on consumer brands and what this has to do with fixed income investing.
Peripheral Banks: Off the Ropes
Credit analyst Toby Williams considers whether European banks are off the ropes. Will they keep going the distance?
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.
From aisles to trials: the ongoing challenges for Asda
Has Asda lost the plot? In his first blog here, the team’s new credit analyst Joe Macland reflects on Asda’s pesky balance sheet and what we can learn from it.
Gilty feeling: 2022 vs 2024 – lessons learned?
Senior fixed income trader Anish Shah discusses how regulation shaped gilt market reactions to the 2022 and 2024 Budgets, emphasising the critical importance of liquidity.
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!
US election positioning – we could get fireworks!
Everyone’s favourite question at the moment, how do you position into the US election? Here’s what we think for fixed income.
If Thames Water is preparing for “huge” debt restructuring, is Southern Water going to be next?
Lloyd Harris, Premier Miton’s Head of Fixed Income, considers potential members of “the inauspicious club of over-levered UK water companies to heap losses on bondholders”.
50bps and the bond curve…
The Federal Reserve opened their rate cutting cycle with a sizeable 50bps at the last meeting, which before the planted articles in the FT and the WSJ, had been deemed a relatively remote possibility (after the plants far less so!).
