North America
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US Congressman Patrick McHenry's letter to Federal Reserve chair Janet Yellen is one of the most audacious attempts to question the Fed's independence for some time. What it asks must be resisted. -
Bankers and debt advisers in the European high yield market believe more US companies could bring reverse Yankee bonds to Europe, as uncertainty surrounding new economic and trade policies in the US hampers their home market.
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A letter from a top Republican Congressman in the US has asked that Federal Reserve Chair Janet Yellen halt participation in all international agreements aimed at setting global financial regulatory standards.
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The Province of Ontario sold a five year global bond on Wednesday, shattering the silence in public sector dollar markets with a $2.5bn trade.
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Citi’s Asia Pacific head of technology, media and telecom (TMT) for corporate and investment banking has taken on additional responsibilities as the firm’s co-head of global investment banking technology franchise.
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Derivatives market participants should be given a relief period on variation margin rules after the slated March 1 deadline, the International Swaps and Derivatives Association has said, adding its voice to a rising clamour across the industry.
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The Province of Ontario broke the silence in dollar benchmark issuance this week, mandating for a five year deal on Tuesday. Other borrowers are avoiding dollars this week due to holidays in Asia, but Ontario can rely on its strong following in the Americas to push it through, said bankers.
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Louis Dreyfus, the unrated, privately owned food commodities company headquartered in Amsterdam, pushed ahead with a senior unsecured bond issue it had previously tried to bring in November on Tuesday.
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Bank of America was looking to walk away with a fresh chunk of total loss-absorbing capacity (TLAC) eligible senior debt on Tuesday, becoming the first issuer in the euro market to link the pricing levels of fixed and floating rate tranches.
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Credit Suisse has a new head of Europe, Middle East and Africa equity capital markets, as Nick Williams is moving to another job at the bank in New York.
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In an age of irony, financial markets are hitting their peak. Measures of volatility, across almost any asset suggest squeezed trading ranges and pricing exactitude just as the most volatile US president in living memory settles into his new job. Something has to give.
