Signals from the corporate world continue to improve on almost all fronts. The same largely positive picture emerges if looking at recent macroeconomic data, especially from the United States. However, focusing on the debt and budget deficit situation for European sovereigns, as the market has done over the last quarter, the picture is fairly bleak. Focusing on global risk appetite and political risks, the picture looks even worse. Read the latest issue of SEB's Nordic Credit Quarterly to find out more.