It's the politics, stupid
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Send us a text◆ Trump triumphs, Scholz slumps, rates roil◆ Credit issuers off to the races◆ Rates issuers contend with unprecedented Bund-swap inversionThe underlying movements between benchmark rates and bond yields are rocking the capital markets. Why? Well, this week the blame could be laid squarely at the door of politics.Donald Trump's resounding victory in the US presidential race means the world's economic currents are about to shift, turbo charging some areas and threatening others. M...
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Send us a text◆ The challenge for SSA issuers next year ◆ German banks and the commercial property millstone ◆ Hybrid hot streak explainedSSA bonds in euros have widened against swaps by quite some way in recent months. That will present a big challenge for the asset class's smaller issuers next...
Published 11/22/24
Send us a text◆ Donald Trump’s threat to ESG finance in the US ◆ Why ‘woke capitalism’ won’t be put to bed ◆ UK auto ABS faces up to compensation crisisOne of the biggest areas of conflict in US politics over the next four years — and indeed, over the past four — will be over environmental,...
Published 11/15/24
Published 11/15/24