Morgan Stanley Fixed-US Credit Mid-Year Outlook Presentation Macro and Micro-108470347
May 31, 2024 08:20 PM GMT US Credit Research Mid-Year Outlook Presentation: Loan-ly at the Top
报告摘要
May 31, 2024 08:20 PM GMT US Credit Research Mid-Year Outlook Presentation: Loan-ly at the Top
报告信息
- 文件全名
- 《Morgan Stanley Fixed-US Credit Mid-Year Outlook Presentation Macro and Micro-108470347.pdf》
- 适合读者
- 核心数据
- In the (GDP) Zone: There is a lot to like about the macro set up for credit – slowing but robust growth (2.1% 4Q/4Q), improving
- generating positive excess returns and strong total returns (~10%). Demand should accelerate from multiple pockets as fixed annuity
- in the near term and gradually declines from there. We expect 3.5% defaults for HY and 3.75% defaults in Loans (including distressed
- negatively convex at these levels. We like HY senior mezzanine tranches (HY41 25-35%) as a cheap hedge with good convexity.
- 核心议题
常见问题
《Morgan Stanley Fixed-US Credit Mid-Year Outlook Presentation Macro and Micro-108470347》主要包含哪些内容?
May 31, 2024 08:20 PM GMT US Credit Research Mid-Year Outlook Presentation: Loan-ly at the Top核心数据:In the (GDP) Zone: There is a lot to like about the macro set up for credit – slowing but robust growth (2.1% 4Q/4Q), improving;generating positive excess returns and strong total returns (~10%). Demand should accelerate from multiple pockets as fixed annuity;in the near term and gradually declines from there. We expect 3.5% defaults for HY and 3.75% defaults in Loans (including distressed。
这份报告覆盖哪一年、篇幅多大?
覆盖 2024 年,全文共 71 页。
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这份报告适合哪些读者?
适合投资人、行业研究员等读者参考。
报告涉及哪些关键议题?
重点分析了GDP等议题。
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