EFTA Document EFTA01458981

8 December 2015 World Outlook 2016: Managing with less liquidity US Credit Strategy: US credit feels the pressure of high commodity exposure US credit markets have made a U-turn midway through 2015, as doubts began to surface with respect to issuer fundamentals, exposure to commodities and EM, and more recently even certain developed market names. The cavalier attitude that energy sector problems will remain contained has also seen defectors as oil prices set new lows during the course o