The information in this site is intended for consultants, institutional investors and trustees only.

The information contained in these pages must not be used or relied upon by private investors. We recommend that you read our 'Terms & Conditions' before browsing the site.

Please click submit to confirm that you are a consultant, institutional investor or trustee and wish to continue.


Public credit – The end of the beginning


Credit markets have continued to develop in recent weeks as participants digest events and various official intervention strategies, and consider the ramifications for taking credit risk in the future.

Following significant market volatility, central banks worldwide have stepped up their intervention and helped to stabilise the public credit markets.

  • The Bank of England and US Federal Reserve have both recently stepped up the support they are providing to their economies, expanding their balance sheets by buying corporate bonds
  • The benefit of this official intervention is also being felt by the non-investment grade, or high yield sector
  • Investors should be prepared for many alternative new realities once Covid-19 passes, as identifying how social habits or economic

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.

Read more

For institutional investors only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website.