Future credit cycles may not conform to historical patterns due to the growth and diversity of global credit markets, financial innovation and regulatory changes. (mfs.com)
Global credit markets performed strongly on the back of the relatively benign interest rate environment and robust fund flows. (investegate.co.uk)
I noted that the Italian BOND FUTURES Monday were trading above the June 27 close when ECB President Mario Draghi roiled global credit markets with his Sintra, Portugal speech, which suggested that the removal of a deflationary scare would allow the ECB to begin tapering its QE program. (yragharris.com)