By
John Tierney
January 28, 2021
In: Hive Exclusives |
Credit
Equities
January 28, 2021
Summary Credit spreads are approaching decade tights. But history shows there is still some upside – especially in high yield – if…
By
John Tierney
January 07, 2021
In: Hive Exclusives |
Credit
Markets and Investing
US
January 07, 2021
Summary The corporate bond market outlook is sanguine. Credit spreads are near the past decade’s tights and likely to remain in a…
By
John Tierney
November 12, 2020
In: Hive Exclusives |
Credit
Markets and Investing
US
November 12, 2020
Summary High yield credit spreads gapped 80 bp tighter to 422 bp following the election, reaching a target we set in late…
By
Mehdi Farooq
October 21, 2020
In: Deep Dives |
Business & Technology
Credit
Cryptocurrencies & Blockchain
October 21, 2020
Article Overview Decentralised finance (DeFi) is a catch-all term for protocols and applications (dapps) in the cryptocurrency space. Where Initial Coin Offerings…
By
John Tierney
October 15, 2020
In: Hive Exclusives |
COVID-19
Credit
October 15, 2020
Summary Bank 3Q earnings reports show realized credit losses have yet to rise above pre-Covid levels. Bankruptcy data shows similar pattern. Credit…
By
John Tierney
September 24, 2020
In: Hive Exclusives |
Credit
Equities
US
September 24, 2020
With high yield credit spreads near 540bp, is high yield a buy? Moody’s default rate outlook suggests it is, and that it…
By
Bilal Hafeez
September 18, 2020
In: hive-podcasts |
Credit
Economics
FX
Growth & Labour Market
September 18, 2020
[applepod pod=id1502904619?i=1000491705280] Michael Pettis is someone who I have followed closely over my career and he is one of the most widely…
By
Sam van de Schootbrugge
September 16, 2020
In: Deep Dives |
Business & Technology
Credit
September 16, 2020
The Study in a Nutshell A new BIS paper finds that Big Tech lenders using big data to assess creditworthiness hold informational…
By
Bilal Hafeez
September 11, 2020
In: hive-podcasts |
Business & Technology
Commodities & Energy
Credit
Equities
September 11, 2020
[applepod pod=id1502904619?i=1000490946350] I’m always on the lookout for podcast guests with unconventional backgrounds, and on this episode, we have one such guest,…
By
Alina Eidt
September 04, 2020
In: Hive Exclusives |
Credit
Emerging Markets
September 04, 2020
African Sovereign Eurobonds have lagged the broader EM rally Debt sustainability must be assessed on a country-by-country basis Transparency and financial innovation…
By
Bilal Hafeez
August 21, 2020
In: hive-podcasts |
COVID-19
Credit
Monetary Policy & Inflation
August 21, 2020
[applepod pod=id1502904619?i=1000488796419] In this episode, I talk with Shahraab Ahmad. Shahraab was previously the Chief Investment Officer of the credit fund Decca…
By
Mehdi Farooq
June 09, 2020
In: Podcast Playlists |
Credit
Economics
Emerging Markets
June 09, 2020
Kenneth Rogoff thinks that it was an appropriate move to increase debts levels to sustain the economy during the pandemic. He does not see the…
By
Dominique Dwor-Frecaut
May 07, 2020
In: Hive Exclusives |
Credit
US
May 07, 2020
Despite its exceptional size, US policy support could disappoint due to poor targeting. With presidential elections in November, this suggests further…
By
John Tierney
April 16, 2020
In: Hive Exclusives |
Credit
April 16, 2020
The economic fallout from the coronavirus crisis becomes more apparent by the day. Yet equity markets have rallied impressively off March lows,…
By
Dominique Dwor-Frecaut
April 09, 2020
In: Hive Exclusives |
Credit
Equities
FX
April 09, 2020
I am bearish volatility based on the feasibility of restarting economies without rekindling the epidemic and on the policy response…
By
George Goncalves
March 05, 2020
In: Hive Exclusives |
Credit
FX
Monetary Policy & Inflation
US
March 05, 2020
In money markets, months, quarters, and even years can pass with little fanfare. And then all of sudden, a new regime sprouts up and events shift rapidly…
By
Mehdi Farooq
February 26, 2020
In: Deep Dives |
Credit
Monetary Policy & Inflation
US
February 26, 2020
When the US economy sneezes, every other country catches a cold. Many investors have long felt this, and in recent years academics have provided…
By
Manan Shah
February 21, 2020
In: Podcast Playlists |
Credit
Investment Strategy
February 21, 2020
David Lebovitz, Global Market Strategist at JPM Asset Management, and Jonathan Seagull, Co-CIO at High Bridge Capital Management, discusses…
By
Dominique Dwor-Frecaut
February 13, 2020
In: Hive Exclusives |
Credit
Equities
Growth & Labour Market
Monetary Policy & Inflation
February 13, 2020
Bad news related to the outbreak of the Novel Coronavirus, COVID19, is unlikely to be fully priced in. Yet over the next few months…
By
Caroline Grady
February 07, 2020
In: Podcast Playlists |
Credit
February 07, 2020
Only two companies in the US currently have a AAA rating (Microsoft and Johnson & Johnson). Previously a much larger number of companies…
By
Mehdi Farooq
January 15, 2020
In: Deep Dives |
Credit
Economics
Monetary Policy & Inflation
Rates
January 15, 2020
A new paper by Harvard economist Paul Schmelzing, Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311-2018, puts…
By
Bilal Hafeez
December 13, 2019
In: Podcast Playlists |
Credit
Economics
Monetary Policy & Inflation
Rates
US
December 13, 2019
Srinivas Thiruvadanthai, Managing Director of the Jerome Levy Forecasting Center, explains how the Fed’s goal of inflation targeting is responsible for high leverage…
By
Mirza Baig
November 12, 2019
In: Hive Exclusives |
China & Hong Kong
Credit
Emerging Markets
Rates
November 12, 2019
Foreign investors purchased about USD65bn in Chinese onshore fixed income YTD, a record high. Foreigners now own about USD300bn…
By
Bilal Hafeez
November 06, 2019
In: Deep Dives |
Credit
Rates
November 06, 2019
In any given country, government bonds are thought to be safer than corporate ones. After all, governments have the ability to tax or even print money…
By
John Tierney
October 24, 2019
In: Hive Exclusives |
Credit
Rates
October 24, 2019
The warning flags are being hoisted. One blog cautions us about a coming blowout in the government and corporate bond markets when…
By
Mirza Baig
October 17, 2019
In: Hive Exclusives |
Credit
Emerging Markets
FX
October 17, 2019
The domestic credit crunch in India has extended. This is forcing Indian borrowers to increasingly rely on USD borrowing. India’s credit…
By
Bilal Hafeez
October 10, 2019
In: Hive Exclusives |
Credit
Equities
FX
October 10, 2019
We recently introduced our Risk Barometer. It uses risk measures across various markets to determine whether markets are in ‘risk aversion’ or…
By
Sam Bonney
October 10, 2019
In: Hive Exclusives |
Credit
Equities
Growth & Labour Market
October 10, 2019
In our last note, we outlined a core view on why the market should once again be moving towards pricing in a…