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With equity returns under strain, managers would do well to slow the pace of CLO issuance
Issuance has kept going by giving investors just what they want
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
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  • FIG
    As the chatter intensifies around how banks’ capital bases should look in the future, so do the voices of those who think that hybrids within it has no future.
  • Companies, bankers and investors have been enjoying themselves in the corporate bond wonderland this year. But sooner or later, they will have to wake up and deal with the real world — that of rising defaults and plunging consumer confidence.
  • Old habits die hard but public sector issuers should resist the urge to cut the fees they pay their banks for executing bond issues. They would do well to remember the old idiom: if you pay peanuts...
  • After the storms of the final quarter of 2008 and the first three months of 2009 the sun is shining on European debt capital markets. But which banks have been making hay and which ones have got stuck in the manure? EuroWeek takes a look at the top six. Next week: the rest.
  • Fitch’s decision to review its approach to rating structured notes is the result of fear of regulators and investors’ lawyers. Any changes the agency might be able to make are unlikely to help the market.
  • The global credit default swap market’s reputation is shot. But it would be foolish to write it off.