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Central banks

The Big Interview: Paul McCulley

Pimco's portfolio manager talks to Dalia Fahmy about chasing yield in an expensive asset class, and what he's expecting will trigger the next market downturn

Emerging markets open up to hybrids

Borrowers from markets such as Russia, Hungary and Mexico have finally cottoned on to the benefits of issuing hybrid debt - and the trend is not just limited to financial institutions. Laurence Neville reports

Q&A: Sean Flannery

The chief investment officer for the Americas at State Street Global Advisors in New York discusses the opportunities offered by decomposition of risk as a result of the growth of the credit derivatives market

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