by Atlanti | Nov 5, 2022 | Analysis & Performance, GBP, News
October was a better month for risk assets, notably subordinated debt which performed strongly. Softening gas and energy prices, coupled with the latest developments in the UK, as well as a more dovish tone by the European Central Bank (ECB) all helped the sentiment at the end of the month.
by Atlanti | Oct 5, 2022 | Analysis & Performance, GBP, News
September was a challenging month as the macro backdrop continues to be difficult, notably with concerns regarding inflation, the potential for a hard landing, the energy crisis and events in the UK following the appointment of the new prime minister.
by Atlanti | Sep 5, 2022 | Analysis & Performance, GBP, News
August was a month of two halves. The month began strongly, and this strength was extended following the lower-than-expected US CPI data. During the second part of August, we saw prices of risk assets fall.
by Atlanti | Aug 5, 2022 | Analysis & Performance, GBP, News
July was a stronger month for both risk assets and subordinated debt. However, this is only a small rebound versus the moves we have seen year-to-date. Spreads remain wide and attractive, in our view.
by Atlanti | Jul 13, 2022 | Analysis & Performance, GBP, News
 July was a stronger month for both risk assets and subordinated debt. However, this is only a small rebound versus the moves we have seen year-to-date. Spreads remain wide and attractive, in our view.
by Atlanti | Jun 21, 2022 | Analysis & Performance, GBP, News
May was volatile, although sentiment started turning slightly more positive at the end of the month. Spreads on subordinated debt of financials remain extremely wide. A number of our holdings have spreads well above 450 bps. Concerns regarding inflation remain and...