Market Recap 2018/12/12

Key themes:

Brexit – FTSE 100 muted so far

US China tension. Auto tariff would reduce. Release of Huawei CFO bring positive outlook.

Credit spread widening, also the CMBS/MBS credit widening as well. The widening is more driven by risk off sentiment rather than fundamental shift in credit underlying in MBS asset

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: