It is difficult to foresee borrowing costs for Italian, Spanish or other troubled debt falling permanently with "anything other than the ECB being used as a lender of the last resort", says Chris Iggo
Back in fashion
Wall of maturities
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More David Walker articles
Lack of safeguards
UK FSA's Hedge Fund survey and Hedge Fund as Counterparty survey find systemic risk low, but it does offer limited warnings
Convert bonds back in favour
Cyber attack alert
Return of ABS
Complex complex carbon
Goldman Sachs says investors should get exposure to crude oil, and put a $105 per barrel price target on it, as one of the supply-constrained commodities China most needs, David Walker reports.
Right size me
Reluctant retail offering
Carefully trading volatility
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