Corp. Hybrids Opportunities
In a context of tighter senior spreads and high credit default risk, Corporate Hybrids are an asset of choice...
Read MoreIn a context of tighter senior spreads and high credit default risk, Corporate Hybrids are an asset of choice...
Read MoreWhile we are not confident in Aston Martin's ability to execute on the invetsment strategy, we think Rolls Royce is a recovery play story...
Read MoreEconomies: United States The latest macro data has been showing that economic activity has continue to recover but at a slower pace. On the employment front, the permanent job losses continue to...
Read MoreGoing into year-end, we like the crossover spectrum on a carry perspective. We favor issuer with solid capital structures...
Read MoreWe view the systemic French group Credit Agricole as a good candidate to take exposure to the Additional Tier1 universe. We suggest specific bond structures in GBP, USD and Euro...
Read MorePositive fundamental backdrop for the banking sector leads us to recommend exposure to attractive Additional Tier 1 from systemic banks. It is worth highlighting the Libor transition and specific structural...
Read MoreEconomies: United States US employers added 4.8 million jobs in June and the unemployment rate fell to 11.1 per cent. However, the report pre-dated a new surge in coronavirus cases which prompted...
Read MoreEconomies: United States The Atlanta Fed’s GDPNow model estimates a 39.5% contraction in the second quarter although recent economic reports suggest a recovery is underway. Retail sales jumped a record 17.7 per...
Read MoreMoving into 2020, there is now less than two years to go until the grandfathering period for banks’ legacy Tier 1 bonds ends. Not all legacy Tier 1 bonds are...
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