RBC BlueBay Insights

David Riley reflects on the credit cracks in European and global financial markets.

David riley discusses the current state of the global economy and the actions of key central banks.

Tim Leary joins the BlueBay Insights podcast to give a 5min update on global high yield markets.

We asked Tim:

1. Have high yield spreads sold off by enough?
2. Would you say high yield is in a better place now versus 2008?
3. Why has there been so little issuance year to date?
4. What’s the technical landscape like in US & European HY?
5. What’s liquidity like in the market?
6. How are you positioning as we shift into summer?

Recent geopolitical events have served as a catalyst for the globalised world to move towards a more regionalised approach to energy supply and policy. This is likely to have a broader impact on the overall sustainability movement and decarbonisation trends across Europe. However, regional changes still have global implications, and we need to consider both existing and potential policies if current sustainability commitments will be achieved, along with a sustainable future.

In our latest podcast, Elma de Kuiper and Freddie Fuller delve into the nuances around some of Europe’s sustainability challenges. They look at hidden secrets around emissions, policy and how companies may offshore some of their dirtiest activities.

David Riley discusses Crypto volatility and implications for the wider market.

David Riley reflects on the past month’s risk markets, the outlook for China and the US Federal Reserve, near-term concerns about the risks to growth, and the shifting narratives on growth and inflation.

As bonds are selling off while risk assets continue to rise, David Riley discusses the disconnect between the bond and equity markets and the relevance of the yield-curve for investors.

David Riley discusses the macro implications of the Ukraine-Russia crisis, how financial markets and central banks are reacting, and the Fed’s first interest rate hike since December 2018.

Tim Leary joins the BlueBay Insights podcast to give a 5min update on global high yield markets.

We asked Tim:

1. It’s been volatile start to the year – how much has come from interest rate moves and how much is risk-premium driven?
2. Can you take us through the performance of leveraged loans relative to high yield bonds so far this year – are you seeing any mispricing opportunities here? 
3. With defaults picking up, are there any safe havens in high yield?
4. Now we’re well into Q1, have you seen any clear trends in flows?
5. We’ve seen green and ESG stocks suffer heavy sell-offs over the past few months. Have ESG-related credits suffered the same fate?
6. How are you positioning as we shift into spring?

Mark Shohet joins the BlueBay Insights podcast to share his expertise on CLOs and the current market opportunity.

We asked Mark:

1. What is a CLO?
2. How do the debt tranches work in practice?
3. What differentiates a CLO from other securitised products?
4. How big is the CLO market and what are the issuance expectations for this year?
5. What’s performance been like so far in 2022?
6. Are CLOs looking attractive in the current market environment?
7. How are the fundamentals?
8. What do you see as the biggest risk for the asset class?