Trade tensions set up tricky September for risky names
An extraordinary week in global rates markets has left primary capital markets bankers eyeing widening bond spreads with worry. While absolute yields are roughly stable over the past week, gapped out credit spreads will mean a tricky road full of pot-holes for issuers lower down the credit spectrum when summer ends.
The hunt for yield is still pushing investors from developed markets to seek out better returns in EM, but they are likely to remain confined to the upper echelons of the asset class when the primary market returns, aiding execution for quality EM credits in September, but doing
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
