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Podcast: FICC Focus
Episode: Can Start of Rate Cuts Keep Credit Spreads Tight?: Credit Crunch
Description: Credit markets had a strong nine months of rally, particularly in spreads, although there were yield blips. As the environment changes with rate cuts, led by the ECB, are credit spreads too tight, despite low defaults? Is the rally justified on expected rate cuts for the rest of 2024? In this episode of our Credit Crunch podcast, host Mahesh Bhimalingam, Chief European Credit Strategist at Bloomberg Intelligence, and Axel Potthof, Head of High Yield at Fisch Asset Management, discuss the state of credit after the first ECB cut and the long rally.They discuss relative...