Spreads jump wider as Fed chair gets another four years
Financial markets have not reacted well to the nomination of US Federal Reserve chair Jerome Powell for another four-year term, taking this as signal for a more hawkish path of policy

Credit bull run falters as central bank glow abates
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings