How has the credit market evolved over the last decade?

One of the major themes we have been talking to investors about recently has been the changes wrought since the onset of the global financial crisis a decade ago. It is often forgotten, for example, that interest rates in the UK stood at 5.50% at the end of 2007, that 10 year UK and Greek government bond yields were nigh on identical and that the Bank of England had a balance sheet of just £77 billion. But what did the sterling corporate bond market look like?

Michael Count

Michael Count

Senior Fund Manager, Fixed Income

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