Get to know us. Our unbiased credit research and global market insights help the world’s financial decision makers to better manage risk.
US Weekly: The Art of the Tariff
Winnie Cisar - Global Head of Strategy, CreditSights
Zachary Griffiths, CFA - Head of IG & Macro Strategy, CreditSights
Charles Johnston, CFA - Head of Energy, CreditSights
Wen Li, CFA - Head of Metals & Mining, CreditSights
Pat Luby - Head of Municipal Strategy, CreditSights
Logan Miller - Head of European Strategy, CreditSights
Brian Perez - Analyst, Credit Strategy, CreditSights
Kathleen Tang - Analyst, Strategy, CreditSights
EXECUTIVE SUMMARY
-
-
Treasury Markets: The US Treasury curve experienced a modest bull flattening over the past week, with the 2Y and 10Y yields declining. The Federal Reserve’s decision to hold rates steady reflects caution amid re-inflation concerns, suggesting a data-dependent approach and likely holding rates higher for longer. President Trump invoked emergency powers to impose tariffs on Mexico, Canada, and China leading to negative market reactions, with US equity futures down and UST yields rising in the short and mid-term.
-
Credit Markets: IG spreads widened slightly, while HY spreads also saw an increase. UST yield movements led to lower yields for IG corporates, though HY yields rose marginally. Despite these changes, both IG and HY showed positive total and excess returns for January.
-
Would you like access to the full report?
Receive a complimentary copy of US Weekly: The Art of the Tariff
Our Products
CreditSights combines credit market research, covenant analysis and leveraged finance news into one site to help you Know More. Risk Better.
Markets Served
We’re proud to be the trusted resource for these credit research consumers: