UBS Investment Research: Global Credit Strategy - Outlook 2012
Date: 11 November 2011
Language: English
Format: PDF
Pages: 76
Table of Contents
Austerity & Implementation 3
Investment Themes to start 2012
Key considerations
US IG Credit: Constructive 2012 outlook amid volatility and an investor reach for yield
Credit selection / search for spread
Focus shorts on idiosyncratic risk
US Leveraged Finance: Risk adjusted value
Credit Derivatives: Playing “Army Golf”
European credit: 2012 – end of the world or beginning of a new era?
European banks: What lies ahead?
EU Corporates: Peripherals versus Core
Asia Credit Strategy: Jack be nimble
Spreads 56
Supply 58
Demand 61
Quantitative Analytics 63
Macro to Micro 68
Global Market Snapshot 71


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