Credit Crunch: Vontobel’s Jackson Talks Credit Relative Value
FICC Focus
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Credit Market Dynamics: Risks and Resilience
This chapter examines the robust state of credit fundamentals in the U.S. and Europe, while also addressing the cautious behavior of investors amid signs of market complacency. It discusses trends in bank loan covenant waivers and potential vulnerabilities in private credit, highlighting the cyclical nature of credit markets and the looming risk of a future crisis.
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