US government shutdown makes it likely the Fed is finished hiking
The impending government shutdown will be economically disruptive and will restrict the flow of data. It makes it less likely the Fed will hike rates again
Debt ceiling stresses heighten US recession risk
A look into what could happen next if the US fails to raise the debt ceiling in time
US debt ceiling torture heightens recession risk
Debt ceiling deals always happen, eventually. But this time it will be especially challenging given a split Congress and politicians willing to go to any…
With fiscal deficits set to remain high, the aggregate debt/GDP ratio for emerging markets governments is set to rise further, from around 60% in 2020…
Spreads currently price in the lower end of our expected default rates. In the midst of substantial recent tightening, we feel that current pricing is not…
