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Unmovable

04 April 2016 by lberuti

Oil output less likely to be cut by Saudi Arabia in the face of growing supply from Iran leading to a 3% fall in WTI? Greece, Germany and the IMF arguing over the week-end? Brexit polls still pointing to the greatest uncertainty? The credit market does not really seem to care at the moment and investors’ enquiries are still heavily skewed towards buying risk, particularly on cash products, which inevitably feeds into the CDS markets. If volumes were on the low side and moves generally contained, laggards were very few and far between as depicted by the above grapple. The dominant green shades show that the positive mood was broad based.