Sovereign bonds
Europe's democracy deficit contributing to crisis
The democracy deficit
CVA desks to keep buying sovereign CDSs – even if they never pay out
Even if CDS contracts are not triggered in Greek restructuring, Basel III's CVA charge ensures the market will live on - but episode raises fresh questions about design of capital framework, dealers say
The risk-free conundrum
The risk-free conundrum
Profile: Daniel Gros on political risk and Europe's debt crisis
Time for a European Monetary Fund
Eurozone debt crisis: facing up to the risks of political uncertainty
The risks of political uncertainty
Greece tranche decision delayed until October: Juncker
Eurogroup chairman Jean-Claude Juncker says decision to release sixth bailout tranche to Greece will be delayed until October; sovereign may default sooner than expected, says analyst
Sovereign debt crisis undermines LCR, critics say
Bankers at Eurofi conference in Wroclaw, Poland call for a wider range of assets to be eligible for Basel III's liquidity coverage ratio
Hung Tran: 21% NPV reduction was a "reasonable assumption"
Everyone has a shared interest in the success of the Greek bailout because "the alternative is so much worse for everyone", says IIF deputy managing director
Europe in a ratings wonderland
Europe in wonderland
Iceland returns to market with $1bn 5yr deal
Iceland returns to market with $1bn 5yr deal
Eurozone bailouts exacerbating the problem – John Redwood interview
In conversation with...John Redwood
Italy fiscal struggles raise new fears over creditworthiness
Mask of respectability
Greece debt volatility provides openings for basis trading
A basis for trading
European insurers exposure to problem sovereigns 'manageable'
European insurers exposure to problem sovereigns 'manageable'
LCR should include equity, says ACP’s Nouy
Basel III liquidity coverage ratio should admit equities with significant haircuts, says Danièle Nouy at the Autorité de Contrôle Prudentiel
Restructurings may offer a solution to eurozone debt woes, says John Redwood
MP and chairman of the investment committee at Evercore Pan-Asset says bondholders must reconcile themselves to taking losses in any restructuring plan for Greece and other troubled peripherals
Italy is real eurozone endgame, says top credit quant
Eurozone can finance a Spanish bail-out, but an Italian default is the real test of common currency’s survival, says NYU's Edward Altman
Investors debate the future of Australian debt markets
Debt prospecting down-under
Senegal $500m 10-year bond spread tightening shows appeal of Africa debt
Yield on new 2021 Senegal bond tightens over 100bp after issue; investors suggest there is room for further tightening
Investors more pessimistic on global growth, according to BAML fund manager survey
Investors' expectations of global growth have dipped, according to a Bank of America Merrill Lynch survey of fund managers
Bondholder haircuts back on the agenda as Greece nears default
Despite previous announcements by European authorities that haircuts would not be imposed on investors in restructurings involving Eurozone sovereigns and banks before 2013, with each passing month that promise seems unlikely to be kept
Greek budget cuts raise default concerns
Markets prepare for the worst as Athens unveils new tougher austerity measures; IMF managing director Dominique Strauss-Kahn says cuts are necessary
Risk Europe: S&P slammed for linking Greece, Portugal downgrades to ESM
Eurozone bail-out vehicle doesn't hurt existing bondholders, EC official argues
Risk Europe: 'Humble' Basel Committee open to liquidity rule changes
The Basel Committee's Stefan Walter says door is open to changing LCR and NSFR - but it's not open wide