Pre-migration untagged articles

Washington Mutual will launch the first covered bond from the US in the coming weeks in a move that will finally take the concept beyond Europe's borders and give the market global status.

Washington Mutual will launch the first covered bond from the US in the coming weeks in a move that will finally take the concept beyond Europe's borders and give the market global status.

Spreads on dollar swaps widened this week as Treasury yields bounced off four month lows in a bout of profit-taking.

In the North American markets, lumber and paper firm Domtar narrowed sharply at the end of the week amid heavy trading volumes after it announced a merger with rival Weyerhaeuser.

The resurgent local currency market sector welcomed an innovation this week: the first Brazilian real deal with payments made in euros rather than US dollars.

The resurgent local currency market sector welcomed an innovation this week: the first Brazilian real deal with payments made in euros rather than US dollars.

Fear of deliverability of bonds has returned in the CDS markets, showing once more how exposed buyers of protection are to financial restructuring.

Brazilian reais denominated deals were popular this week as investors were keen to gain exposure to the high coupons the currency offers, balanced by a moderate market risk.

Does UBS possess the magic touch? It would seem that it may, after the most recent results. There were the doomsters and trainee undertakers waiting to gloat, as UBS was tripped up and taken away on a stretcher for treatment for minor cuts and bad bruising to the ego, by losses in global equities trading.

Nigeria will this weekend mandate banks to help restructure its London Club commercial debt in a landmark trade that will see the sovereign debut in the Eurobond market with a deal worth up to $1.5bn.