COVID Back in the Spotlight

Key Points

Macro uncertainty with the fifth wave COVID resurgence in Europe, sentiment deteriorated for risky assets and re-opening themes

Lagarde emphasized on subdued pricing pressure once supply chain bottlenecks ease; rates retraced from earlier CPI overshoot; long end rates volatility less reactive to inflation print

Muted investor activities amid looming low liquidity holiday season and many outstanding downside macro risks; appetite for high beta new issue bonds less than usual

Most 2022 outlook publications calling for cautious positioning in credit, our portfolio waits patiently in the same camp

Read the Article.

Reader Interactions

Get in touch

Type
SCHIPFE 2 CH-8001 ZÜRICH SWITZERLAND
ASSET MANAGEMENT: +41 43 888 45 60
WEALTH MANAGEMENT/ PRIVATE MARKETS: +41 43 888 60 60

Copyright Cape Capital © 2022. All rights reserved