Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country’s other sovereign counterparties.
Continue reading..Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country’s other sovereign counterparties.
Continue reading..Rampant gigantism in the stock market took a blow recently as small-cap stocks enjoyed a run of outperformance. Is this the return of value?
Continue reading..In 2020, junk bondholders have to choose between painful restructuring and pushing for a repayment that might kill a company
Continue reading..Outstanding corporate bonds grew by $500 billion between March and the end of May. As the Covid-19 pandemic raged, much of this debt was used to pay dividends and even buy back shares.
Continue reading..An interactive visualisation of $12 trillion of corporate bonds showing the impact of the Covid-19 pandemic. Free to registered users.
Continue reading..The coronavirus outbreak has infected the corporate bond market as economies grind to a halt. Can trillions of emergency central bank measures keep borrowers alive?
Continue reading..A review of the top ten articles published in the last ten years
Continue reading..Portfolio optimisation has transformed investing in recent decades. But according to a new paper, naive application of such modelling can lead to extreme or unstable trading strategies.
Continue reading..As trade tensions worsen, dollar-denominated bond issuance by Chinese real estate companies is at a record high, while credit spreads have tightened.
Continue reading..With a softening approach from central banks, borrowing-driven M&A is being rewarded
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