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Enslaved by interest rate volatility, we are all rates traders now
A corner of the UK market has provided one of the few pain trades so far since war broke out in the Middle East
Toto, I have a feeling we're not in EM anymore
Two lenders entering administration should signal to others: simplify the industry
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Squeezed into windows this year, corporates will be squeezed into maturities next -
Without ultralow rates, more EM companies will shy away from international bonds
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Governors and governed need to treat each other better
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Smaller banks shouldn’t be afraid of extending AT1s past the first call date if the refinancing costs don’t make sense
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Details of how SLBs will perform are cloudy, but their main effect is bright
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