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The Gilt market is pricing a Labour leadership contest. The rates volatility market is conspicuously declining to join in
Growing worries about inflation and interest rate rises not putting investors off EM debt, yet
◆ British lender fixed spread and deal size from outset ◆ Order book closed at over two times the deal size ◆ Fixing terms enabled faster execution, the lender said
◆ 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
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Value in private credit is created by the staff
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Investors want to toughen corporate governance, not weaken it
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The expiry of Ofac's Russia debt payment licence means default is likely by the end of June
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A licence allowing Russia to pay foreign investors will likely expire at the end of the week
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The outbreak of war has injected a new spirit of unity within Europe but beneath the surfaces old divisions are still emerging
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One banker on DBK's deal admitted to some anxiety over the market 'vomit', but investors held firm