Euro High Yield: November Volumes at a High
November took the baton from October and ran with it, as high yield corporate issuance (ex financials) in euro topped the previous month's issuance which itself was a two-year high water mark. On a quarterly basis, Q4 is already the busiest quarter in two years.
The AUD Week - Bias is Bearish
This week, the RBA meet for the last time this year, and while no change is forecast (just 10% chance of a cut being priced), focus will be on the Bank's forward guidance.
Turkey Testing U.S. Senators’ Sanctions Patience
The Turkish military started testing its S-400 missile defence systems and as planned the system, which Turkey controversially agreed to purchase from Russia in 2017, is on track to be fully operational by April.
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