March 2022 Credit Market Update:
Well, That Was Quick
The fierce resistance of Ukrainians to the Russian invasion was unflagging throughout the month, with the result that Russia was first stalled and then pushed back from the primary target of Kyiv. The unprecedented levels of sanctions against Russia have resulted in further disruption of supply chains and higher energy prices – both of which were already contributing to intransigent inflation. We dive into the impact recent events may have on credit markets.