Destra Insights

Adam Phillips, Head of BlueBay Developed Market Special Situations outlines why the European special situations opportunity set is expanding as higher rates, excess leverage, margin pressure, and near-term maturities force more companies to pursue capital structure solutions.

October is often a tough month for risk assets. Some of the stock market’s biggest sell offs in history have occurred in this first full month of fall in the northern hemisphere. Credit instruments often trade in sympathy with equities, if not in lock step occasionally. This October, bond prices generally fell like autumn leaves, as yields pushed up for a host of reasons.

As we navigate the complexities of the financial landscape in 2024, the credit markets have presented us with a fascinating start, full of unexpected twists and turns. The Destra Credit Strategies Indicator has been at the forefront, meticulously tracking the pulse of 18 diverse sub-strategies in credit investing.

A comprehensive analysis of the credit market's performance over the past year. It highlights the exceptional performance of Destra's Credit Strategies Indicator (CSI), which saw all its eighteen subcategories achieving positive growth,

November was a remarkable month in the credit markets, with the Destra Credit Strategies Indicator (CSI) flashing solid green across all 18 categories.