Fixed Income Weekly
ECB, Davos, Coronavirus, rates rallied, credit spreads still very tight
27 Jan 2020
All’s well that ends well
December was friendly, with spreads lighter on macro optimism, while rates continued upwards...
9 Jan 2020
Watch out for “Cliff”
November was a reasonably constructive month in terms of credit spreads in aggregate.
18 Dec 2019
Rates rebounded, credit spreads softened
US data this week confirmed again the relatively solid consumer side and the softening industrial side of the economy.
15 Nov 2019
Fixed Income – Beware of de-tail
We observe a strong decompression of IG vs. HY in the light of QE 2.0 and a higher number of “accidents” - but within the IG complex we would expect some spread compression
1 Nov 2019
New low-duration fund
Cape Capital launches the Cape Select Bond Fund - offering investors a short-term alternative to holding cash in times of negative interest rates
News from Cape
7 Oct 2019
Credit matters – a practical roadmap to tranches
CDS tranches may be used to construct a comfort zone amid a universe of unknowns. Tranches allow investors to slice and dice the risks, to tailor a default risk profile that they find more bearable, while potentially generating an attractive carry
1 Aug 2019