United States
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Oil prices have rebounded from recent lows sending both investment grade and high yield oil and gas bonds to trade tighter than last week’s all-time highs.
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Wells Fargo attracted strong demand for a seven year senior unsecured deal on Thursday, as investors returned en masse to the European FIG market.
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The European high yield market has a good chance of avoiding contagion from the wider swing away from risk in financial markets, according to investment strategists at Deutsche Bank.
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Markets for VIX products suggest that many traders sold into last week's volatility spike, with mixed results.
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In the wake of a selloff despite People’s Bank of China easing, the China Financial Futures Exchange implemented a series of new rules designed to stop the pain.
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Traders this week reversed the recently growing dispersion among some of Europe’s widest iTraxx Crossover credits, with Abengoa rallying sharply as three banks backed the company’s rights issue. But the reprieve was brief and against the tide, say some participants.
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Equity capital market bankers, many of them having just completed the traditional late summer migration from deck chair to desktop, put on brave faces this week, as they took in the sudden collapse, then partial recovery, of global stocks.
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Global equity and debt markets rallied on Tuesday, while volatility subsided, after the People’s Bank of China cut its one year lending rate. But for hard hit emerging markets, more pain could be on the way.
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The International Finance Corp (IFC) will head to the Middle East for investor meetings later this month after receiving a rating for its prospective $100m sukuk.
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The recent high volatility across equity markets has opened up opportunities for traders to deploy strategies that were unprofitable during long periods during the post-global financial crisis era.
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The International Finance Corp (IFC) is planning just a $100m sized deal for its second ever sukuk transaction, according to a Standard & Poor’s rating report released on Wednesday.
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Frankfurt-listed Snowbird, a Chinese down manufacturer, has cancelled plans to seek a secondary listing in Singapore, amid a wave of panic selling that has gripped stock markets this week.