5y-10yr US Treasury Rates Need To Rise Further Say ECM

Alex Temple, Portfolio Manager at ECM Asset Management   To the casual observer, the US rates market has never had it so good. We have had Ben Bernanke and now Janet Yellen. We’ve had calendar guidance and forward guidance. We’ve had a buyer who telegraphs all purchases, publishes all holdings and has bought almost 40% […] Read more »

The Month in European High Yield

By Henry Craik-White, Senior Investment Analyst at ECM September was a strong month for the European high yield market. The Barclays European high yield index, ex financials, returned +1.1%, leaving YTD returns at +5.2%. The top performing sectors in September were telecommunications, consumer services and retailers, recording total returns of +2.0%, +1.8% and +1.6% respectively. At […] Read more »

European Loan Market Comment

By Alex Woolrich, Portfolio Manager at ECM The European loan market has seen limited activity this week as the late summer lull continues, with no new loan deals launched and the secondary market seeing little volume. Market participants awaited Wednesday’s FOMC meeting minutes for indications of when tapering of Fed QE purchases might begin, but […] Read more »