Market stress during the period of rising interest rates has prompted more scrutiny — and new rules
The capital instruments introduce a range of risks that are frequently misunderstood
In today’s climate, public markets do not provide enough diversification
Tape, measured
Efama president says small group of states could forge ahead and warns delay hands ‘ever-increasing advantages’ to US
Agreement would give senior creditors control of reorganised co-working company in exchange for $450mn
Regional banks have been piling into long-dated sovereign bonds since January
The combination of slower growth and nagging inflation is an unsettling mix
Also in today’s newsletter, meet the new players in the sustainable bond issuance space
Creditors holding £5bn of debt have been spooked by default of parent company this month
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolve
Soon-to-launch venture marks bond pioneer’s third attempt to break stranglehold of Chicago’s CME
Allocations represented only 16% of total new money garnered by ETFs, down from 65% during highs of 2022
New figures show that default and recovery rates compare favourably with other debt asset classes
An accidental FT Alphaville experiment
While base case remains reduction in borrowing costs, options market shows a 20% probability of increase
Investors grow nervous over financing technique likely to be used by government for future projects
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
Lord, make me solvent, but not yet
Legislate in haste; repent at leisure
Asset manager’s chief has become a popular target for criticism over its ESG investing stance
Also in today’s newsletter, a new tax task force kicks off, and the Net-Zero Asset Owner Alliance widens its scope
Also in this newsletter: Italy’s Meloni allows anti-abortion campaigners to enter clinics
London-based VR Capital is part of bondholder group that does not want Ukrenergo debt to be part of sovereign restructuring
Would an official sector creditor by any other name be treated as sweetly?
International Edition