The ECB disappointed market expectations by not cutting rates in the wake of the coronavirus spread. ECB delivered additional unconventional monetary easing thorough a temporary boost to its QE programme.
Yesterday managed to eclipse Monday for the bad even thought systemic risks remain low there are plenty of signs of stress that call for fiscal stimulus to reassure markets.
Markus Allenspach, Head Fixed Income at Julius Baer, thinks that EUR low-investment-grade corporate bonds will benefit at the expense of peripheral government debt.
Regina Borromeo, portfolio manager in the Global Macro at Robeco shares her team allocation to credits under the current circumstances. Borromeo rules out a global recession but doesn´t discard a US recession and advises for a flight to quality.
Latest credit suisse sector report on integrated oil & gas. The review consists of the current sector review, EMEA situations, Russia and Saudi action, and the upcoming changes.