what are your longterm secular views? if we are transitioning towards a high volatility, high inflation, and high inflation volatility environment, are you harvesting convexity in credit portfolios?
Hi, yes my view is that we are in a stagflation environment as mkt regime (deglobalization call higher inflation). To play it I ll do it via less credit overall, and eventually convexity via commodities play (directly on futures). Eventually on credit more event driven strategies.
I am based in euro. I invest liquidity on corporate bond called/tendered or under corporate action. These are generally subordinated bond that announce call in 1/2 months and generally offer a spread of 50/100bp above ESTR.
Hi for sure I am planning soon the last (or the last 2 pieces) of the framework: the single name analysis, one for non-financials and the other for banks/insurances.
Great overview, thanks for sharing it!
Superb! Im glad i earmarked this article, thanks!
Hi! Many thanks for the analysis..
Could you please share the link or report that you used above which is belong to JPM research report?
Thanks in advance !!
Sorry I can not share a full research for Mifid reasons.
There is my name at the bottom of each page
I see, no problem. Could you please the name of the research report? I also have an access.
Best !
Yes, this one
https://twitter.com/Credit_Junk/status/1567405011109384192?s=20&t=ytwsRwnVBbDlEcFhlkBFrw
Thanks a lot !!
what are your longterm secular views? if we are transitioning towards a high volatility, high inflation, and high inflation volatility environment, are you harvesting convexity in credit portfolios?
Hi, yes my view is that we are in a stagflation environment as mkt regime (deglobalization call higher inflation). To play it I ll do it via less credit overall, and eventually convexity via commodities play (directly on futures). Eventually on credit more event driven strategies.
That One above Is not me.. don’t message other people and signal him
Hi, do you have any suggestions on resources to assist in building out a liquidity framework for a fund?
Hi what do you mean with liquidity framework?
Estaimates for global aggregate liquidty or how to invest the liquidity of a fund?
How to invest the liquidity of a fund. Particularly one of a mortgage fund that operates like a mini bank.
I am based in euro. I invest liquidity on corporate bond called/tendered or under corporate action. These are generally subordinated bond that announce call in 1/2 months and generally offer a spread of 50/100bp above ESTR.
Good stuff, thank you! Appreciate your work here
Thanks for this! Do you intend to write more of these framework related credit notes? Thank you.
Hi for sure I am planning soon the last (or the last 2 pieces) of the framework: the single name analysis, one for non-financials and the other for banks/insurances.