Navigating year-end fixed income liquidity and rising credit market risks
Looking at the final few weeks of 2025, James Athey, fixed income fund manager at Marlborough, discusses the biggest influences of fixed income liquidity, including the US Federal Reserve’s end to its quantitative tightening program in December and the impact of year-end de-risking strategies.
Athey also shares his views on the concerns surrounding the private credit markets, the AI-related debt risks in the electricity sector, and potential market volatility from delayed US economic data.
In this episode:
• The end of the Fed’s QT program and year-end liquidity
• Unpacking the risks in private credit
• Navigating credit risks
• The AI frenzy: Where Marlborough is sectorally defensive
• What else needs to be on trading desks’ radar for year-end?
This show is supported by Cabrera Capital Markets.
[This post was first published on Trader TV]
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