We are witnessing a gradual degradation of corporate credits, and an increase in bond market volatility appears likely over the coming months.
We believe that Q2 will see intensifying signs of distress in the credit space.
Saxo Bank's Quarterly Outlook for Q2 is here, with expert insights and trading themes from our team of strategists. Get your copy here.
Global Markets: Lucky 8, As We Look Into Next Week...
We take a look at the upcoming WK #8, which will have flash PMIs, inflation out of the euro-zone, the United Kingdom & Canada, as well as rate decisions our of Indonesia, Hong Kong & Turkey. Bear in mind the US will be out on the long wkd given President's day on Mon.
Macro Dragon: Musk, Elon Musk - Entrepreneur Extraordinaire + Maverick Game Changer...
Macro Dragon = Daily Cross Asset Views. Today we touch on the super smart move of Tesla to announce a +$2bn capital raise through issuing stock, post hitting all-time highs last wk, being up +92% YTD & +350% since mid 2019.
Macro Dragon: +15K Cases In China, Put a Fork in Biden - perhaps even Warren?
As the Asia Thu morning start, we got news that have taken Equity Futures from green to red, with S&P futures currently down -0.30% on the news that we have potentially c. +15,000 new cases found in the province of Hubei - due to revised testing methods. This would take the confirmed cases to 60,000, which is on track to get to the 7 figures that we have been extrapolating on, since the 2019-nCoV now formally called Covid-19 kicked off. We also check in on US politics - put a fork in Biden! And see some central bankers comment on the virus as well as China stimulus.
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