22 Apr 2018
Jim Leaviss, Head of Retail Fixed Interest, recently updated an old chart from 2007 showing the relationship between a flattening yield curve and credit spread levels. Back then, this classic leading indicator of recessions correctly predicted a big sell-off in corporate bonds. The rest, as they say, is history.
More than 10 years later, Jim joins Laura Frost on this week’s BVTV to discuss if recent US flattening means we really could be heading for the next big credit sell-off, or whether there are still enough factors to support credit.
Watch this week's BVTV where they debate the similarities and differences between 2007/8 and today.