Muzinich Macro Outlook – Q2 2019

Please click to view our latest Macro Outlook from Director of Product & Investment Strategy, Erick Muller.



Sources
1. US High Yield – ICE BofA Merrill Lynch BB-B Non-Financial Cash Pay High Yield Constrained Index (JC4N), ICE BofA Merrill Lynch US Corporate Index, (C0A0), ICE BofA Merrill Lynch BB-B Euro Currency Non-Financial High Yield Constrained Index (HP4N),ICE BofA Merrill Lynch Euro Corporates Index (ER00), ICE BofA Merrill Lynch Emerging Market Corporate Liquid Index (EMCL), ICE BofA Merrill Lynch Emerging Market External Debt Sovereign Index (EMGB), Credit Suisse Western Euro Leveraged Loan Index (CSWELL), Credit Suisse Leveraged Loan Total Return Index (CSELLI).
2. Weekly high yield fund flows, weekly high grade fund flows, weekly loan fund flows, EPFR, BofA Merrill Lynch Global Research, as of 16 April 2019.
3. https://tradingeconomics.com/china/gdp-growth-annual
4. https://tradingeconomics.com/china/retail-sales-annual
5. https://tradingeconomics.com/euro-area/services-pmi
6. https://www.usinflationcalculator.com/inflation/current-inflation-rates/
7. https://www.focus-economics.com/countries/united-states/news/inflation/inflation-picks-up-in-march-on-higher-rent-costs-and-energy
8. https://tradingeconomics.com/euro-area/core-inflation-rate
9. Weekly high yield fund flows, weekly high grade fund flows, weekly loan fund flows, EPFR, BofA Merrill Lynch Global Research, as of 16 April 2019.
10. Barclays Global Aggregate Negative Yielding Debt Market Value USD

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