Nomura's Hodges: Credit market will shut down ahead of EU vote leading to 'tidal wave' of new issuance
Will end up with a 'very expensive' market
Dickie Hodges, manager of the $100m Nomura Global Dynamic Bond fund, has said he believes credit markets will completely shut down in the week prior to the EU referendum on 23 June, before facing a "phenomenal wave of new issuance" the week after.
The manager (pictured) said markets have already become quieter as companies hold off attempting to re-finance while there is still uncertainty surrounding the Brexit vote. "I think markets will almost...
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