Credit/News
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
Global economic growth concerns outweigh Greek default and Spain/Italy bail-out fears: Risk poll
Risk.net poll supports IIF deputy managing director Hung Tran's view that global economic recession stands head and shoulders above fears of Greek default and Italy/Spain bail-out
Gross: US has failed to make a dent in the deficit
US deficit estimates rely on over-optimistic growth forecasts, says Pimco managing director
Last-minute US debt ceiling rise leaves world reeling
Debt ceiling deal will not restore investor confidence immediately; China still looking to diversify reserves away from dollar; credit rating agencies cautiously affirm top ratings
Updated: GLG plans to close bond funds after Isaac's departure
Top-performing asset manager's move to Schroders precipitates changes
Pension funds urge US Congress to act fast on debt-ceiling deal
Pension funds and investment firms highlight inflation, interest rate and currency risks of US default in open letters to President Obama
US CLO issuance bouncing back in 2011, say experts
While CLO activity remains below pre-financial crisis levels, a demand for higher yields is driving US investor appetite
Read and Causer bet on Spanish and Italian bonds
Opportunities exist thanks to volatility, the Invesco managers say. However, M&G's Woolnough disagrees and remains bearish
Credit markets people moves – July 2011
People news
Credit investors nervous over withdrawal of QE2
Credit investors nervous over withdrawal of US quantitative easing programmes
CBOE relaunches credit event binary options
CBOE relaunches credit event binary options
Iceland returns to market with $1bn 5yr deal
Iceland returns to market with $1bn 5yr deal
Law firm Paul Hastings adds to leveraged finance team
Rich Farley joins from rival, Cahill Gordon & Reindel
Nomura names fixed income research head
Des Supple replaces Jim McCormick as EMEA research head for fixed income
M&G adds restructuring lawyer to debt workout team
Mustafa van Hien joins UK fund manager from Jones Day
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
Schroders names fixed income head for Asia
Rajeev de Mello will replace existing head, How Phuang-Goh, who retires
AIB sub debt holders in legal quandary over exchange offer
Subordinated bondholders in Allied Irish Bank are faced with an unappealing dilemma: accept a coercive exchange offer that could see some lose up to 90% of their investments or refuse, and take the matter to the courts. But with the Irish government…
Moon rises over StormHarbour
Moon rises over StormHarbour
Jefferies hires Japan fixed income head
Jefferies hires Japan fixed income head
Is Butterworth the money at State Street?
Is Butterworth the money at State Street?