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John Healey resigned because the money was not there for defence. It may not be there for anything
Bifurcation is emerging in how investors treat the hyperscalers
Investors should feel more confident when BNPL products are regulated like mainstream consumer credit
Collateral change has SSA issuers eyeing sterling — but it has strengthened one bid, not brought in new buyers
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The recent electoral success of populist fringe parties indicates that Germany may be heading down a well-trodden path with repercussions for the Bund -
Expect 2025 to be the year of a resurgence, as the market needs more than a couple of 25bp cuts to really stage a comeback
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Volatility risk is still a real threat to public sector issuers and they were right to come back early to the primary market
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The country caught investors by surprise with a statement about principal haircuts
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Little case for widening as political flashpoints and volume worries pass
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Regulating securitization should be a matter of maximising its economic impact, not just simply preventing a crisis
