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I wanted to point to the mexican peso. Has not moved much today but we are keeping an eye on the earthquake that struck the country. Now lets get a status report on the credit markets. 13 u. S. Companies sought bankruptcy parks section protection last week. It comes even with the intervention of the fed which has injected liquidity across the markets and given borrowers. For more insight, lets bring in srikanth sankaran. The last time we spoke, we were already seeing a calming in the credit markets. Where do we go from here now that the fed has backstopped entire curve in the credit market . Srikanth our thesis over the next 12 months is we get a grind tighter with respect to spreads. Our call is for credit markets to deliver positive exit returns across investmentgrade and highyield markets. Effectively, you want to be more selective, but at the end of the day, this is an environment where you have to look at rerisking portfolios in times of weakness rather than missing out when the m ....
Preparations go on with the local organisers admitting they are seriously worried about the situation. They are looking into what might need to be done if the virus is still around in the summer. The call is for calm. I am really pleased that the organising committee has established this task force. It is the sensible thing to do. It is what we did with rio. We need to be putting things into perspective. I am told the world until the who tells us otherwise, tokyois until the who tells us otherwise, tokyo is open and it will deliver a spectacular paralympic games. Back in we had in china where this outbreak started, and is at its most serious, stadiums have become hospitals, streets are quiet. There is no place for sport right now. Events in china are already being moved. Above the Ball Tournament has been switched to serbia. The chinese tea m been switched to serbia. The chinese team there hoping to provide a distraction for thos ....