From USD 18 to 40 Billion The Nordic High-Yield (NHY) market has experienced a strong growth surge since 2019: the market value has risen from around USD 18 billion to roughly USD 40 billion – an increase of about 120%. Over the same period, the more established High...

Political Headwinds, but Stable Fundamentals   Despite restrictive U.S. policies under President Donald Trump, who temporarily halted offshore wind projects and suspended the allocation of new seabed areas, global momentum in wind energy remains strong. Worldwide...

General Market Review  October was another strong month for risk assets; equities broadly continued their rally which was fueled by signals of easing in the US-China trade war. In that environment the S&P 500 rose 2.3% and the Stoxx Europe 600 advanced 2.5%. Apart...

General Market Review  October was another strong month for risk assets; equities broadly continued their rally which was fueled by signals of easing in the US-China trade war. In that environment the S&P 500 rose 2.3% and the Stoxx Europe 600 advanced 2.5%. Apart...

General Market Review  The month of September was relatively calm with low volatility and only few notable macro events. The most important one came from the US, where GDP figures for Q2 2025 were revised up in a third instance to 3.8% quarter-on-quarter (annualized),...

General Market Review  The month of September was relatively calm with low volatility and only few notable macro events. The most important one came from the US, where GDP figures for Q2 2025 were revised up in a third instance to 3.8% quarter-on-quarter (annualized),...

General Market Review  In a nutshell sentiment was constructive in August as both equity and credit markets performed well. In the second half of the month – ahead of the Jackson Hole Economic Symposium – the momentum has slowed a bit as equities traded sideways....

General Market Review  In a nutshell sentiment was constructive in August as both equity and credit markets performed well. In the second half of the month – ahead of the Jackson Hole Economic Symposium – the momentum has slowed a bit as equities traded sideways....

General Market Review  The implied volatility – whether in interest rates or credit spreads – is declining for three consecutive months after the major blow-off in April that shook global markets. In terms of interest rate volatility, we are back on a level before...

General Market Review  Sentiment was strong in July and marked a pivotal uptick as markets rallied on trade deal optimism. There were a few positive earnings surprises from banks, technology and retail companies that helped to fuel the performance. On July 27, the US...