Macro Strategy Views: EUR HY credit and NOK FX to catch up following recent sell-off
In our weekly podcast, Macro Strategy Views, we discuss the outlook for respectively credit markets and Norway in light of recent events. We expect HY credit spreads to narrow further on a constructive macro backdrop and positive equity sentiment. We believe the market is too negative on Norway as the tight labour market and high wage growth will support higher short-end rates and a stronger currency. Global Head of FI&C Research, Thomas Harr chairs today’s podcast and he is joined by Mark Naur, Credit Strategist, and Kristoffer Kjær Lomholt, Norway strategist.