The outlooks for credit risk premiums and defaults for North America and Europe diverge widely, according to the latest Credit Outlook Survey by International Association of Credit Portfolio Managers. The survey forecasts improvement for North American credit spreads and that European credit spreads will turn more negative. "[T]here’s continued bearish-ness about Europe but, in North America, there are at least glimmers of hope that the US is turning the corner," says Som-lok Leung, IACPM's executive director. Read more about the survey.

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