Anchors Strained, Spreads Wider, Yields in Focus

In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, explores the European Central Bank’s (ECB) increasingly hawkish tone, the tug-of-war between inflation and growth expectations, and what recent data signals for rates. Gordon also assesses a potential UK consumer boost from auto loan compensation and improving housing activity. All-in higher yields are creating more attractive entry points for credit investors despite ongoing volatility.