High yield’s retrenchment

21 December 2015Credit, MarketsCitigroup, commodity risk, credit, credit derivatives, ETFs, High yield - US, lending, Markit iBoxx $ Liquid High Yield indexNick Dunbar

There have been plenty of words written about the high-yield corporate bond market in the last week, but sometimes a chart expresses things better than words.

The hidden price of talent

9 September 2009Articlesbonuses, credit derivatives, derivatives sales, Deutsche Bank, G20, Goldman Sachs, Royal Bank of Scotland, UBSNick Dunbar

Multimillion bonuses are back and G20 nations are promising to crack down on excesses at the forthcoming Pittsburgh summit. But just what talents do these lavish rewards buy? The debate has mainly focused on traders. But some of the most important recent hires aren't in trading - they're in sales. Take Antonio Polverino. According to…

A quant parable

12 February 2009Articlescredit derivatives, derivatives, quantitative analysisNick Dunbar

Risky Finance 27 November 2007 In the 12 months to July, Gordon Gekko was alive and well - running a fixed income business at a major bank. He was so busy scanning the CDO league tables and picking up awards at industry functions that he could no longer remember which of his many sports cars…