Sovereign bonds
Repo market coping with liquidity regulation for now – bankers
Efficiency gains have kept capital supply up, but challenges remain
Capital hit from death of 0% sovereign weight 'not enormous'
Banks would have to raise equity equal to 0.7% of current levels, ESRB finds
‘Grexit’ and radical Greek bond restructuring not expected
Extension of maturities and lower interest rates more likely
AIB welcomes AFS bond filter preservation
Senior risk manager says economy too fragile to remove filter
Banks treat most sovereign exposures as risk-free
Basel report highlights overuse of standardised approach
Solvency II volatility dampener ineffective for euro periphery
Stress tests expose flaw in formula to calculate volatility adjustment
Progressive insurers revise approach to sovereign risk
Some supervisors pressing firms to risk weight sovereign bonds
European insurers return to peripheral sovereign debt markets
High yields and low volatility driving comeback from core-Europe firms
Italy follows Ireland in retaining AFS bond filter
Banca d'Italia proposes to allow its banks to ignore some government bond volatility
Government bond traders see difficult markets heading into 2014
Your word is my bond
Central Bank of Ireland diverges from Basel III on AFS bonds
Irish bank capital numbers would filter out unrealised gains and losses on government bonds
Detroit swaps spark fight between dealers and insurers
Detroit spinners
First Indonesian sovereign bond ETF to boost liquidity in onshore bond market
Fixed income ETF launched at a time of volatility in the Indonesian domestic market
Banks fear capital swings if Basel III kills bond filter
Filter furore
White paper: Sovereign debt contracts and the effects of recent case law on bondholders
This white paper deals with the implications of the case of NML Capital Ltd v Argentina. Although the decision applies specifically to sovereign debt contracts governed by New York law, it could have an impact on bondholders whose debt is not governed by…
FSA forces UK banks to assume higher sovereign losses
Behind-the-scenes clampdown sets loss-given-default floor at 45% – and could make UK bonds less attractive
MSCI and Barclays partner to launch ESG fixed-income indexes
Link-up will allow institutional fixed-income investors to apply ESG investment strategies to their bond portfolios
Sovereign CDS market needs to learn lessons from Greece, dealers say
An auction to settle the Greek sovereign CDS goes smoothly, but some participants argue the documentation needs to be revisited
Greek auction result could undermine CDS use
An early trigger is unlikely, but fears of distorted auction outcome remain – and could undermine the use of credit default swaps as a hedge, say market participants
Commission unveils contentious Eurobond proposals
European Commission unveils three options for Eurobonds in bid to restore stability in Europe; analysts say the measures are politically unviable and ineffective
Italy reaches crisis point as bond yields soar
Announcement that Italian prime minister Silvio Berlusconi will resign does little to calm markets; bond yields hit euro area record high, raising the stakes for a potential default
CDS: not dead yet
CDS: not dead yet
Dealers predict CVA-CDS loop will create sovereign volatility
A recipe for disaster?