Access to credit is the oil that keeps the financial engine running. That’s why our fixed income team keeps a close eye on indicators of credit availability and other key indicators that may tell us where we are in the current economic cycle.
In the April issue of Fixed Income Perspectives, Christian Brobst, VP, Associate Portfolio Manager, examines changes in the credit market to look for clues that might signal recession—and finds a mixed bag.
“The yield curve indicates pressure to the banking system and banks are close to reporting a contraction in the availability of consumer credit, but broader financial conditions indices continue to show favorable borrowing conditions, which contrast the United States with the rest of the world,” writes Brobst.
Download the PDF for his full analysis.
Financial advisors, for information about Calamos’ perspectives or fixed income funds, contact your Calamos Investment Consultant at 888-571-2567 or firstname.lastname@example.org.