About this episode

Gordon Kerr discusses the challenges and dynamics of European credit markets amidst various economic pressures.

In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, discusses how European credit markets are navigating a complex mix of energy shocks, policy intervention, and rising refinancing risk. Gordon unpacks what Brent backwardation is signalling, how governments are responding, and why dispersion across credit is set to widen.

People in this episode

Host: Gordon Kerr

Topics covered

• European credit markets
• energy shocks
• policy intervention
• refinancing risk
• credit dispersion

Keywords

• European credit
• energy shocks
• policy intervention
• refinancing risk
• Brent backwardation
• credit dispersion

Mentioned in this episode

Organizations: KBRA

Products: Brent backwardation

Places: European

More episodes of Gordon Kerr's Credit Compass: Navigating European Credit Markets

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• Hungary Turns, Banking Reform Advances, Energy Risks Linger · April 15, 2026 · 16 min
• Anchors Strained, Spreads Wider, Yields in Focus · April 1, 2026 · 10 min
• Energy, Energy, Energy · March 25, 2026 · 11 min
• Energy Shock to Rate Repricing · March 18, 2026 · 10 min
• Energy Markets and Europe’s Fragile Recovery · March 11, 2026 · 11 min

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