Short breather on the credit markets

Also Interesting

• Monetary policy in Central and Eastern Europe: ahead of the curve?
• Equity Viewpoints
• A historically challenging market regime

Credit Markets Weekly

Fed meeting and US mid-term elections in focus After the barrage of negative news in recent weeks – the conflict over the Italian budget, Brexit, the US sanctions on China and Iran, etc. – the markets are focusing on the US mid-term elections and in particular on the Fed meeting this week. The mid-term elections did not produce any surprises, indicating that we cannot necessarily expect the uninterrupted continuation of the extremely business-friendly policies by the Republicans. The outlook on the almost certain confirmation of the US monetary policy also made room for a short breather on the credit markets, which recently have seen a noticeable widening of spreads across all asset classes. The EUR primary market was overall calmer as well, with subdued supply due to national holidays.