The multiverse of credit & rates

Ian is joined this week by Josh Kay, and the duo begin the episode talking about the benefits, and dangers, of a non-standard sized hike. Ian discusses the required trade off between a higher terminal rate and a faster pace of hikes and why the curve is currently ‘trapped’. Josh spends some time discussing how credit markets are reacting to higher interest rates, while also taking a look back at recent Canadian credit performance. The pair finish the episode talking about portfolio construction and whether or not credit spreads have already reached the lows for the year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.