O'Reilly logo

Opening Credit: A practitioner's guide to credit investment by Justin McGowan, Duncan Sankey

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

7. How Market Considerations Affect Credit

1. Why sound fundamental analysis may not make you a penny

Given the many areas we have covered so far in this book, it may be tempting to believe that the investor is by now ready to enter the market and actually start making money. Well, perhaps, but in our experience awareness of the topics covered in previous chapters has often not proved sufficient in itself to operate successfully in the credit markets.

The problem lies not merely in identifying mispriced instruments in which to take a long or short position, but in identifying a counterparty willing and able to trade that position with you.

Credit dealers are different

The role of the dealer in credit markets is simply not as clearly mandated ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required