Santander looks to credit markets

Speck outlined how spreads on investment grade credit are now 90bps, from a high of 133 bps in mid March, with high yield spreads reducing from 583bps to 488bps. He said: "This is presenting interesting opportunities in credit markets for the medium to long term. With inflationary pressures persisting, we favour short dated fixed income plays over longer-term positions." Despite the prevalence of uncertain market conditions, Speck believes that wage constraints should reduce inflationary pressures, heading off the threat of stagflation and creating a more positive outlook for the UK e...