by Atlanti | Sep 5, 2022 | Analysis & Performance, News, USD
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, News, USD
June was a very weak month for risk assets, concluding a weak first half of the year. To put this into context, from a total return perspective, subordinated debt had one of its worst months in the last decade. High CPI numbers and hawkish statements from central banks have …
by Atlanti | Jul 13, 2022 | Analysis & Performance, News, USD
June was a very weak month for risk assets, concluding a weak first half of the year. To put this into context, from a total return perspective, subordinated debt had one of its worst months in the last decade. High CPI numbers and hawkish statements from central banks have …
by Atlanti | Jun 21, 2022 | Analysis & Performance, News, USD
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...
by Atlanti | May 24, 2022 | Analysis & Performance, News, USD
As has been the case for most of this year, April was a weak month. Spreads on subordinated debt of financials widened significantly. This was partially due to concerns on inflation, which could lead central banks to tighten more aggressively than anticipated....
by Atlanti | Apr 21, 2022 | Analysis & Performance, News, USD
March was a more constructive month, despite the weakness during the first two weeks. Spreads tightened slightly during the month. We came to the end of Q4 results, and all of our issuers demonstrated their strength from a credit standpoint. As we said last month, we...