All into Account: ‘Credit Watch: Navigating the bull market in bearishness’, with Steve Dulake, Global Head of Spread Research

Speakers:
Thomas Salopek, Head of Global Cross Asset Strategy

Steve Dulake, Global Head of Spread Research

This podcast was recorded on Apr 24, 2023.

 

Our overall market thesis a few weeks ago was that while spreads were in something of a ‘no-man’s land’ valuation-wise, the path of least resistance was likely tighter, based on the continued absence of ‘scary’ headlines, resulting in further declines in volatility.  What has changed is market pricing and, as much as the ‘pain trade’ could be tighter still, risk-reward feels much more symmetric today.

 

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