Corporate bond spreads at 2007 levels - is there nothing to worry about?
Vonnie Quinn
Henrietta Pack
Spreads reflect benign credit markets with contained credit stories in 2025. Attractive all-in yields despite tight spreads, different from post-crisis low-rate environment.
Will demand hold up with record bond issuance, especially for AI?
Vonnie Quinn
Henrietta Pack
Expecting lots of issuance around AI theme including utilities. Big issuers start from strong balance sheets (mostly single-A).
What is bond market telling us about curve flattening vs steepening?
Vonnie Quinn
Henrietta Pack
Short-end moves reflect uncertainty about speed/number of 2026 rate cuts amid buoyant data and animal spirits.
Is there enough fear for Treasury market tremors?
Vonnie Quinn
Henrietta Pack
Treasury market faces fiscal concerns (healthy deficit), central bank independence noises, AI power price pressures feeding into inflation story.
Where globally is attractive given central bank divergence?
Vonnie Quinn
Henrietta Pack
European interest rate markets attractive on hedged basis with not much cuts priced for 2026.