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US Treasuries have long been the foundational asset underpinning the global financial system. But recent policy proposals from the White House have shaken this foundation, and what this means for capital markets participants seems perilously uncertain, writes Elias Wilson

As volatility continues to plague the US Treasury market, public sector issuers have found themselves at the centre of attention of investors seeking high quality, liquid assets as an alternative investment to US Treasuries. Market participants eagerly await further evidence in the coming months of any meaningful shift in investors’ behaviour. The early signs are certainly encouraging, writes Addison Gong

Created 10 years ago by and for French local governments, AFL’s mission is to facilitate the latter’s access to funding. 2024 was a record year for the bank, which topped 1,000 members for the first time and granted loans worth €2bn during the year. Today, AFL ranks among the leading lending institutions for the French local public sector. Yves Millardet, chairman of AFL’s management board, looks back at these 10 years of growth and discusses the prospects for future development

◆ How can the EU capitalise on US missteps? ◆ New US insurers head to euros ◆ The greenest of green

Conference told role for ABF in euro energy transition, defence, infra

Enjoy the roaring markets while you can, they won't last long

The difficulty of hitting the standard makes it a standard worth having

Other topics: EUR35T of assets on European bank balance sheets, CLO due diligence data cut looms

More the 30 CLO equity buyers active, conference told

The ECB's hawkish rhetoric shouldn't dissuade investors from expecting further curve steepening

From pioneering art loan backed securitizations to fund finance and capital call ABS, Mayer Brown continues to redefine the boundaries of structured finance. After topping league tables for deal volume and activity in 2024, the firm decisively defended its title as ABS Law Firm of the Year — and added ESG Law Firm of the Year to its accolades. GlobalCapital spoke with Julie Gillespie and Ger O’Donnell, co-heads of the firm’s Structured Finance Practice, and Anna Pinedo, co-head of the global Capital Markets Group, about the highlights from another stellar year.

No one can work round the clock. But what happens when the proverbial hits the fan?