Quote of the Day: “A Conjunction of Positive Factors”

Here, Benjamin Robinot, a credit specialist and adviser to a high-yield fund in Asia, is speaking to the prospects for Asian junk bonds going forward. However, he speaks to the prospects for the global economy this year as well. 

The factors he mentions are ones we monitor closely in our ongoing macro analysis:

“Now there is a conjunction of positive factors: Fed is beyond dovish, EM currencies have rally potential, commodities bounced back from Dec. 18 lows…but principally China has vowed to loosen liquidity and credit.”

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