Credit Crunch: France, Tariffs, Fed, UK: Credit Always Resilient
FICC Focus
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Navigating Fiscal Challenges and Credit Resilience
This chapter explores the intricacies of fiscal policy in the UK, focusing on the challenges surrounding government deficits, gilt yields, and the balance of tax increases versus spending cuts. It further examines the resilience of credit markets post-pandemic, highlighting minimal losses in high-yield segments and the contrasting dynamics between public and private credit markets. The discussion concludes with an analysis of corporate earnings growth, investment opportunities, and the ongoing demand for credit amidst evolving market conditions.
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