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The yield was ultra high but Congo had little room to manoeuvre
The AI race is pushing hyperscalers to hunt for cash to fund rising capex needs, and they are coming to Switzerland
Bye-bye euro curve steepeners, there's a new consensus trade in town
With billions of funding to be done, it will serve hyperscalers well to be less ambiguous
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Falling leveraged loan prices promise tantalising returns, but the risk of defaults is rising -
Economic damage from the Middle East war will last for months, if not longer
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Bonds, equities and even gold falling in recent weeks shows that all safe havens are fallable
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Distinction in Europe’s corporate bond market is not a bad thing
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A slow destruction of misallocated investment is more likely than a sudden stop
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Defaulting to dollars in volatile times denies the euro market the resilience it needs
