Bonds issued by Atos and Thames Water are trading at distressed levels as investors prepare for a changed climate after the UK election
Continue reading..The top-heaviness of the S&P 500 index has a quality all of its own, with tech companies rivalling nation states
Continue reading..How costly are unfunded public sector defined benefit pensions? The question looms large in the economic future of the UK.
Continue reading..How have the world’s biggest corporate borrowers changed since 2016?
Continue reading..The seven biggest money market funds used the Fed’s overnight repo facility to help boost their assets by 50% in just 18 months, while bank deposits have plunged. Now, with quantitative tightening, their strategy is changing.
Continue reading..Our corporate bond tool shows that dollar-denominated Chinese real estate bonds are collectively worth just 12% of their total value two years ago. By analysing iBoxx departures and distressed prices, we firm up this analysis and look at the wider implications for China’s troubled economy.
Continue reading..BP’s pension scheme was once a leading stakeholder in UK companies, but now it’s been ‘de-risked’ and may soon be hived off to an insurer. The story encapsulates the slow decline of Britain’s private sector defined benefit pension system.
Continue reading..High interest rates were a dampener on corporate borrowing but now the trend has reversed, led by two sectors with their own inflationary characteristics
Continue reading..The UK government is desperate for Softbank-owned ARM Holdings to have a UK listing. But reversing the long-term trend toward foreign ownership of UK assets requires a rethink of the regulatory and tax obstacles to UK share ownership
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The bank may look profitable to shareholders, but ...
Bond investors have started to notice France's pol...