Almost a third of European credit investors fear that the global economy is heading for recession, according to a client survey by Bank of America Merrill Lynch.

We are primarily funded by readers. Please subscribe and donate to support us!

Investors’ biggest concern in February was a “global recession”, with 33 per cent of high yield investors and 28 per cent of high grade investors singling out the threat from 18 options. In the last survey, in December, it barely registered. Only three times in the past four years of the two-monthly survey has a single concern been more dominant.

See also  Fed Intentionally Cutting The Money Supply For A Global Depression
See also  The Probability Of A Recession Happening In The Next 12 Months Is The Highest In More Than 40 Years!

“You can see why there was this pivot,” Barnaby Martin, credit strategist at BAML, said. “So many data points have plunged recently. Dutch industrial production, German industrial production, French industrial production, Korean exports have fallen materially year on…