European High Yield: Merry Berry Brings Festive Cheer
High yield issuance rolled on for another week as Berry Global braved last week's full diary of event risk (Fed and ECB rate decisions, a UK election, and looming US tariff deadline of Dec 15). And given that potentially volatile backdrop it is helpful to be able to tap into some of the popular motifs in high yield and Berry Global was certainly able to do that…
Turkey’s Growth Dilemma Could Destabilise Lira
For those worrying about Turkey, the most pressing fundamental issue that Turkish bears should focus on heading into 2020 is the basic dilemma of the government's short-term focus on growth via credit, which carries the risk of destabilising the Lira, as it did in 2018.
The SEK Week - Bias is Bullish
It's the Riksbank decision this week (Thursday) and it's almost certain that the Bank will deliver a 25bps hike. Recall at its last meeting, the Riksbank left rates on hold at -0.25% but hawkishly revealed that rates will "probably be raised in Dec to zero".
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