Central banks
Modelling South African swap spreads
Sponsored Statement
Italian unease
Italy
Credit rating agencies under scrutiny again
Daily news headlines
Spike in equity volatility causes pain
A spike in equity volatility last month has caused anxiety among equity derivatives dealers, many of which were short volatility, and raised fears that a prolonged increase could generate hefty mark-to-market losses in equity derivatives trading books.
Bank of England and ECB act to boost markets
The Bank of England (BOE) and the European Central Bank (ECB) both left interest rates unchanged, but eased liquidity supply as the credit squeeze continued today.
Latin American securitisation thrives
Securitisation in the Latin American market has grown over the past five years, but the market is still in its infancy, according to the latest Bank for International Settlements (BIS) quarterly review.
Bernanke: Increasing risk premiums “probably healthy”
An increase in the premiums investors require to take risk is probably a healthy development, said US Federal Reserve chairman Ben Bernanke.
Whither the benchmark?
Benchmarks
Rocks and hard places
Despite the environmental, political and infrastructure challenges faced by US coal, some believe high-sulphur grades could soon be back in fashion. David Watkins investigates
A new coal agreement
The ISDA Coal Annex allows market participants to combine physical coal trades and coal derivatives under a single trading agreement. Lauren Teigland-Hunt says this development should improve liquidity in the global coal market
No sign of immediate end to volatility rollercoaster
Moves by central banks to inject liquidity into the troubled financial markets have been welcomed by investors, but grounds for pessimism still persist in the form of ratings actions on SIV-lite deals
Talking Point - Risk repricing
Does the recent slump in bond issuance, combined with a slowdown in LBO financing, signal a period of indigestion or the beginning of a repricing of risk? (NB views received by August 17)
Now what for the credit market?
As confusion reigns in the global credit markets, we asked four top investment banks to put their cards on the table, and publish their medium-term outlooks. Report by Nikki Marmery
Sean Juneja
The head of structured products at BGC Partners tells Matthew Attwood about his plans for expansion and why the summer's volatility could be a good thing
ABS/ABX: More than just a technical hitch
ABS/ABX market
Biting the funding bullet
Features
Italy's forza strutturata
Profile
The Parthenon freeze
Pensions