• Stripy bond market will offer no camouflage

    The green bond market was conceived on a simple plan. A new class of green bonds would finance environmental projects, standing out from the grey mass of ordinary bonds.

  • Prepare for interventionism in capital markets

    European policymakers may decide to ramp up efforts to retain control of capital markets, amid rising Brexit tensions, the US-China dispute and the need to recover economic growth.

  • ECB corporate bond buying has become gratuitous

    The European Central Bank’s bond buying is doing bizarre things to corporate spreads that saw an airline reprice its curve this week in the midst of a once-in-a-lifetime crisis for the aviation industry. With a market this broken, it’s time for the central bank to see where its money can be put to better use.

  • Golden issuance window could be a phoney war

    September began with a bang for equity issuance, capped off on Wednesday by a mammoth €2.7bn share sale from Siemens Healthineers. However, the rush of deals is not just being driven by optimism. Bankers fear darker days returning.