Credit traders' kickstand: grave times for UK banks and corps as May goes away

By Dan Alderson

UK banks have been among the main underperformers in credit this week, with market sources noting that today’s notice of Prime Minister Theresa May’s intention to resign on 7 June increases the likelihood of a no-deal Brexit. And UK 'zombie' companies appear to be forming a herd

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TAGS: CDS Europe High yield bonds Investment grade credit Barclays Credit derivatives North America Round-up Kickstand