Debt
Blockbuster bankruptcy highlights dangers to investors of obsolete business models
Blockbuster bankruptcy highlights dangers to investors of obsolete business models
Global economic slowdown raises risk of protectionism
The rise of protectionism
Banking crisis in Ireland heightens fears of sovereign default
When the luck of the Irish ran out...
Special report: Germany
Special report: Germany
Stabilisation funds could become big beasts in bonds
Stabilisation funds could become big beasts in bonds
Crosnier promoted to run Amundi's London office
Laurent Crosnier becomes CEO at asset management firm Amundi London.
Marrying correlation and asset allocation
Coping with correlation
Corporates to drive EM growth but watch financial market development, say Credit Institute panellists
Panellists in the Credit Institute forum on ‘Sovereign or Corporate, Global or Local’ said that corporates will drive credit growth in emerging markets, but investors cannot afford to ignore financial market development or to forgo due diligence.
US financials a better bet than corporates, say investors
US corporate restructuring and balance sheet improvements have drawn investor focus to corporate credit. But technical factors make financials look attractive.
Talking triggers: Rob Davies column
Regulators have given governments the freedom to decide at what point triggers should cause debt to be written off, giving investors a headache
West must not repeat Japan’s fiscal mistakes, says Nomura economist
Nomura chief economist Richard Koo warns the US and European economies face double-dip recession and a prolonged period of economic stagnation if stimulus is cut too soon.
Repayment fears over China's local government debt
China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond…
Nomura hires new Americas debt chief
Jim Merli leaves Barclays to take up newly created position of head of debt origination and debt syndicate for the Americas.
Euro debt crisis prompts questions over collateral
European financial markets have been turned upside down by the sovereign debt crisis, with eurozone government bonds no longer regarded as completely risk-free. As a result, dealers are more wary of the correlation inherent in collateral denominated in…
Market Analysis: Hybrid and sub debt risk
Investors in bank subordinated debt and hybrid securities could be exposed to elevated credit risks if regulators push ahead with proposals whereby creditors bear losses before public sector support is given, says Fitch Ratings.
Events force IEA to recalibrate oil assessment methods
The International Energy Agency says game changing events including sovereign debt issues, China’s oil demand and the BP Gulf of Mexico oil spill have forced it to revise the way it assesses oil markets
Arm yourselves against inflation, Jonathan Ruffer warns bond investors
Index-linked bonds are where investors will find value as the effects of the financial crisis unwind, advises founder of Ruffer LLC.
EXCLUSIVE: Greece debt crisis may break the Eurozone
Fears mount over Greece's ability to reduce fiscal deficit and service debt repayments, despite Eurozone-IMF bailout package.
Flood of sovereign debt drowns out corporate bonds
Elevated government borrowing will be a fixture of the credit markets for the foreseeable future, as emergency spending and tax shortfalls heighten state financing needs. But could this excess supply of sovereign debt threaten demand for corporate bonds?…
WEF: Oil price spikes remain top 10 risk for 2010
Oil price spikes remain one of the World Economic Forum's (WEF) top 10 economic risks for 2010, with the risk-rating moving up to medium risk from low risk in 2009.
Carry trade bonanza
Asian governments and quasi-government entities have issued record volumes of debt this year. This, combined with strong currency moves, is fuelling swaps activity in the markets. Can it last? William Rhode reports