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◆ Sterling trade was lender's third tranche of covereds this year ◆ 48bp was in line with fair value, a banker said ◆ Santander UK's first sterling covered since May 2025
Tej Singh leaves firm suddenly
Lower rates will need lower inflation — and an FOMC consensus
Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity
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US stocks have been the big loser, while European banks could reap profits
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Enthusiasm for a defence push on the continent is crucial but lacking
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Some borrowers eye depth of US dollar market, while others anticipate 'orderly impact' on euro spreads
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Africa and the Gulf will suffer most in a global recession, rather than from direct tariff pain
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Trump has been far more open to negotiation on tariffs than expected, said one EM fund manager