Leader - All Articles

  • What price bonds in the Biden era?

    A new era has begun in the US, with the swearing in of Joe Biden as president. For America and the rest of the world it is a sea change in leadership style and political substance.

    • 21 Jan 2021
  • For corporate social bonds, SLBs are way to go

    Social bonds have long been the poor cousin of green bonds. A smaller, less well organised market.

    • 14 Jan 2021
  • Covered bond supply optimism is misplaced

    This week’s burst of covered bonds was exceptionally well received and boosted supply hopes. But even though the funding was cheap and deal execution certain, the supply outlook remains grim.

    • 14 Jan 2021
  • Blame the ECB for Spain's lost orders

    Few deals have ever had €75bn of orders. Spain managed to lose that much, but still have €55bn remaining in the book. This is the world the ECB’s purchase programmes have built.

    • 14 Jan 2021
  • Mighty ECB is clobbering the little guys

    The European Central Bank’s bond buying programme is, for better or worse, the saviour of the corporate bond market, keeping access open for most issuers for all but a few days last year. But the easy money for borrowers big enough to access the bond market is inadvertently twisting the screws on already battered small and medium sized enterprises.

    • 07 Jan 2021
  • Wall Street must speak earlier to defend democracy

    Leading US financial institutions were quick to condemn the shocking attacks on the US Capitol on Wednesday — a sign that they are willing to take positions on important social issues, in line with the industry’s eagerness to align with good environmental, social and governance standards.

    • 07 Jan 2021