The document discusses the widening of credit spreads in EUR, GBP, and USD markets, attributing recent volatility to factors like a stronger dollar, weaker Chinese growth, and expectations of a Fed rate hike. It highlights the impact of China's economic policies and the potential for central banks like the ECB and BoJ to increase monetary interventions. The document also analyzes historical data on US BBB spreads in relation to Fed rate hikes.
documents/vol00010-efta01458270-pdf.pdf
{"title":"Corporate Credit: Back to school - The edge of normality","document_date":"2015-09-01","document_type":"financial","key_locations":["China"],"key_organizations":["Deutsche Bank","ECB","BoJ","Fed","IMF"]}