CC Credit Outlook for H1 2015

We are pleased to announce that we have published the CC Credit Outlook for H1 2015 which covers the European and US bond markets, both within the High Yield and Investment Grade space. We have prepared two documents; a full-blown 45-page version which outlines our outlook in great detail and an abridged version which summarises our key calls, takes and opinions for credit in the first half of 2015.

The key theme for 2015 is expected to be the decoupling of the US from the rest of the world, as it enters a different cycle compared to its counterparts; investors have already started to discount the fact that the Fed is going to raise rates, consensus being in H2 2015. On the other hand, in the Euro Area, the low interest rate environment and the use of monetary easing to propel economic activity and lower unemployment data is expected to be at the forefront of investors’ minds, as policy makers scramble to kick-start economies. The accommodative stance is expected to continue to provide support for financial assets. Furthermore, the persistent decline in the price of oil will, apart from creating uncertainty and concerns over additional deflationary pressures, also add to tensions between Russia, China, OPEC members and the West.

To gain further insight of our credit market expectations for the first six months of 2015 please click on the below links.

Full Version- https://trade.cc.com.mt/upload/files/research/Credit_Oulook_FULL_FINAL.pdf

Abridged Version- https://trade.cc.com.mt/upload/files/research/Credit_Oulook_ABRIDGED_FINAL.pdf

If you require additional information please do not hesitate to contact us offices on 25688 688 or via email on [email protected]