Pre-migration untagged articles

Kaupthing Bank, the Icelandic institution hit hard by fears of weakness in the country’s financial sector, completed its entire 2008 funding requirement at the end of last week, without using an investment bank.

Table commentary

The covered bond market endured a rocky first week of March, particularly on Monday, when spreads widened sharply alongside the heavy falls in equities seen at the start of the week, although the secondary market calmed down in mid-week.

COVERED bond dealers appear split in two by the so-called Packmohr Plan’s proposal to reform market making.

Dealogic revenue rankings

Federal Reserve chairman Ben Bernanke’s call for lenders to forgive parts of the principal on some mortgages was received coolly by the market this week. "He’s talking in an academic sense," said a CDO manager. "It’s a nice comment and makes sense, but he doesn’t have a plan. There’s doubt about him because of that. A guy in his position has to be careful, and do things at the right time."

Tremors of concern rippled through the US capital markets this week as dollar swap spreads shot out to their widest levels for years. Debt professionals watched in disbelief at the levels attained and the unprecedented wildness of the price swings.