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The Calm Before The Primary Storm?

03 July 2017 by lberuti

In the credit market, primary will most likely be the focus in the near future with some supply expected to come across the spectrum of ratings. Very thinly staffed trading desks and worries around rates could make the hurdle for these deals relatively high though, particularly in high yield. But if we experience a few days of stability, then the market should be able to turn the corner of the recent buyers’ strike that was to be expected on a day where volumes were best described as anaemic ahead of the 4th July. Indeed, the market is seemingly experiencing endless amount of inflows, and most people expect the current low default environment to persist throughout 2017.