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Toto, I have a feeling we're not in EM anymore
Two lenders entering administration should signal to others: simplify the industry
Investors are rewarding Romania for trying to fix its fiscal problems
Liberated issuers will still have to follow European regulations if they want to sell in EU
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When the stakes are high, a small change in odds merits a big reaction -
The yield was ultra high but Congo had little room to manoeuvre
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The AI race is pushing hyperscalers to hunt for cash to fund rising capex needs, and they are coming to Switzerland
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Bye-bye euro curve steepeners, there's a new consensus trade in town
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With billions of funding to be done, it will serve hyperscalers well to be less ambiguous
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Borrowers moving between the two markets create opportunities for both
