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Sovereigns

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UK government can find direction by being determined on defence and green growth
SSA
Nine banks chosen to run £1.5bn borrowing programme
‘Notably better’ spread cements sovereign’s standing, thanks to triple-A rating and solid fiscal position
SSA
All as expected by the market, but lack of more details regarding bill issuance somewhat disappoints
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  • Christine Lagarde has given a strong hint she will persist with the European Central Bank’s highly accommodative monetary policy if she takes over as its president in November. Lagarde also suggested the ECB would move to make its portfolio more green.
  • SSA
    The SSA primary bond market is eerily quiet. What is usually one of the busiest times of the year for raising bonds in euros is proving to be the opposite as issuers sit it out in anticipation of next week’s highly anticipated monetary policy announcement by the European Central Bank (ECB). Burhan Khadbai reports.
  • Inflation-linked Gilts suffered a steep sell-off in the secondary market on Wednesday as investors priced in proposed changes to the methodology of the Retail Price Index (RPI).
  • Moelis hires JPM Dutch chief, JPM finds replacement — Nachmann replaces retiring Chavez at Goldman — PRI founding exec moves from UBS to Credit Suisse
  • CEE
    The price of Ukraine’s GDP warrants climbed rapidly this week on news of a “definite plan” to minimise the instruments’ impact on the country’s debt burden.
  • The UK is preparing to launch its second sukuk in early 2020, said city minister John Glen on Wednesday in a speech at an Islamic Finance Week event held at Mansion House.