--By Gavan Nolan, credit analyst, Markit
After what seems like an interminable time, the credit markets switched their focus away from sovereigns and towards corporates this week. But it was the ongoing disaster in the Gulf of Mexico rather than a rediscovery of fundamentals that captured the attentions of credit traders. BP PLC, the company at the heart of the oil spill, has come under fire due to its inability to stop the leakage. U.S. President Barack Obama has ramped up his rhetoric, ....