If investors were hoping for an early visit from Santa, they are likely to have been disappointed...

As KKR bids for Telecom Italia, we ask whether credit markets have just moved ‘late cycle’.  

With inflation continuing to rise and central banks beginning to act , we update our macro scenar...

Everyone seems to agree rates will need to go up. Few have confidence about how high. And there’s...

…It’s what you know for sure that just ain’t so  

In this blog, we discuss the dynamics we think are interesting in government bond markets as we...