Credit markets continued to rally during the month of May as we work our way towards the end of the financial year
Credit markets continued to rally during the month of May as we work our way towards the end of the financial year. Mixed messages about the timing of rate rises from the US Federal Reserve, potential further stimulatory policy out of Europe to combat low inflation, plus weaker Australian economic data all point to a period of stable to lower interest rates globally over the near to medium term. Hence, investors have been happy to put capital to work now and chase asset prices up resulting in tighter credit spreads.
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