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While the market waits for rate cuts, the data tells a conflicting story
Episode 32
Published 2 years ago
Description
BlueBay Institutional Portfolio Manager Stephen Fitzsimmons discusses how investors are eagerly buying up new debt issuance. While many investors appreciated the dovish commentary last week, not all data are cooperating.
- The past months have certainly been a sustained busy period for the new issue market.
- Strong investor demand has helped drive credit spreads tighter.
- Chairman Powell was decidedly dovish at the FOMC last week… driving yields lower.
- The economic calendar is full this week and investors markets are bracing for the latest inflation measures.