It’s the economy, stupid!
Volatility and negativity are back in credit land. The banking crisis might be over — perhaps — but what bankers refer to as “the real economy” is in all sorts of trouble. The two monoline insurers downgraded last week, Ambac and MBIA, which trade upfront, are now 10 percentage points wider since the action.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts