-
1 week ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Sarah E. Ainsworth |George Collard
This was supposed to be a decent year for banks in the debt and equity capital markets. But the uncertainty generated by a chaotic US tariff policy has wrecked investment banks' ability to plan and operate in their markets. We look at what is grinding the sell-side's gears and investigate how banks should navigate the volatility to meet their budgets. One area of the bond market where issuance has been slow to resume since the US first announced its new tariffs is the senior unsecured FIG market.
-
1 week ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Sarah E. Ainsworth |Frank Jackman
As a premium subscriber, you can gift this article for free Copy gift link https://www.demo.com/demo-article/ Link copied to clipboard You have reached the limit for gifting for this month There was an error processing the request. Please try again later. You have 10 article gifts to share each month
-
2 weeks ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |George Collard |Mike Turner
US president Donald Trump's imposition of a vast swathe of tariffs on imports bludgeoned stock markets this week and proved the stuff of nightmares for investors as they contemplated the possibility of recession and the return of inflation. But the reality for the bond market will likely be rather more nuanced.
-
1 month ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Addison Gong |Mike Turner
As a premium subscriber, you can gift this article for free Copy gift link https://www.demo.com/demo-article/ Link copied to clipboard You have reached the limit for gifting for this month There was an error processing the request. Please try again later. You have 10 article gifts to share each month
-
1 month ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Mike Turner
Just when you thought it was safe to go back into the office... or rather back into commercial mortgage backed securities with offices as the collateral. No sooner has the US CMBS revival begun than US president Donald Trump's administration threatens to ruin it. The Department of Government Efficiency (DOGE) spearheaded by Elon Musk is ripping up government office leases . We explain how that could hurt the CMBS market.
-
1 month ago | 
globalcapital.com | Francesca Young |Ralph Sinclair
Since the start of US president Donald Trump’s second term in the White House, markets have been surprisingly stable in the face of outlandish statements of intent, a swathe of executive orders and now a falling out with an ally at war — Ukraine — to which his country had been the main military benefactor. The lesson from Trump's first term, emerging market bond investors have repeatedly said, was to ignore the noise — often expressed on Twitter — and to wait for the reality of policy.
-
1 month ago | 
globalcapital.com | Ralph Sinclair |Jon Hay
The idea of a new multilateral bank to help fund defence spending in Europe has shifted to the fore in recent weeks. European leaders are understood to be discussing the idea this week and a plan for one could be announced soon. Rob Murray, a former British army officer, is the person who first came up with an idea while working at Nato in 2018.
-
1 month ago | 
globalcapital.com | Ralph Sinclair
As a premium subscriber, you can gift this article for free Copy gift link https://www.demo.com/demo-article/ Link copied to clipboard You have reached the limit for gifting for this month There was an error processing the request. Please try again later. You have 10 article gifts to share each month
-
2 months ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |George Collard |Elias Wilson
Germany votes this weekend in a general election. Whatever the resulting coalition, fiscal matters will be top of their agenda. With the pressure on to raise defence spending but with the constraints of the country's debt brake to tackle, the strain is already showing in the bond market before a vote has been counted. The UK water regulator has set out the conditions under which the 10 utilities it governs must operate. But this is a troubled sector of the UK economy and downgrades have been rife.
-
2 months ago | 
globalcapital.com | Ralph Sinclair |Jon Hay
Listen to this week's episode here. With the new US government reasserting its belief that Europe needs to provide more of its own security this week, attention has turned once again to how to pay for it. We discuss the various ideas in play, from setting up a new multilateral development bank to retooling existing SSA borrowers for the purpose, examining the pros and cons of each. Meanwhile, the African Union may be about to bring to fruition a sovereign debt stability mechanism.
