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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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Down-stack widening is a sign of discernment, says one -
Energy, software and macro worries are pushing spreads out
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Issuers said to be holding back until market steadies
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Others quietly wait for bloc's syndication while KfW jumps into dollars, pipeline could be 'well filled' this week
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Net impact on net earnings expected to be less than $20m
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Broaching the delicate subject with your boss of being asked to keep too many plates spinning
