This whitepaper explores at the guiding theme for US credit markets in 2017 in the backdrop of the prevailing expectations of expansionary fiscal and tightening monetary policies. The policy combinations appear ambiguous, and the debate over macroeconomic policy dilemmas should hog the limelight this year.
This whitepaper also examines the current state of the US economy and weighs the argument against any significant requirement of fiscal stimulus. We also dissect the credit cycle of the past, and how fixed asset managers can maximize their total return on their portfolios by shifting toward shorter duration and higher-yielding bonds in a rising interest rate scenario.Download ?>
Dr. Siddhartha Dutta