Delegate biographies: Learn more about the panelists
![ild-mh.gif](https://assets.euromoneydigital.com/dims4/default/b21087b/2147483647/strip/true/crop/35x46+0+0/resize/800x1051!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fc8%2F61%2Fb47f9ff0c4653d8d5dc5df298411%2Fild-mh.gif)
|
MH, Redington 2008 was a cataclysmic year. What has the credit crunch meant for us?
![ild-ca.gif](https://assets.euromoneydigital.com/dims4/default/f1b3081/2147483647/strip/true/crop/35x46+0+0/resize/800x1051!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fb6%2F57%2F94e97c63e5fc105acacbf69e0dfb%2Fild-ca.gif)
CA, RBS The inflation market is still young, so supply and demand is crucial to how it operates and prices. Several years of favourable terms for long-dated corporate issuance, cheap monoline wrapping and attractive asset swap levels meant that we came out of 2006/07 with our most balanced market yet, particularly in the UK. For the first time, even inflation swaps were trading at a discount to bond breakevens. It was oversupply.