Bonds
Merchant Capital offers the best of three mixed portfolios
Looking back at three
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Local credit rating agencies offer alternative to ‘big three’
First-rate ambitions
Product providers in eurozone periphery face stiff challenge from bonds
Bonds beef up in southern Europe
Asia’s local authority – Aaron Woolner column
Asia’s local authority – Aaron Woolner column
Swiss structured product turnover falls by nearly half compared to 2011
Turnover of structured products and warrants listed on the Scoach exchange falls more than 40% in the first half of 2012 compared to the same period last year. Industry figures blame increased risk aversion and a rise in OTC trading activity
China’s QFII expansion heralds next step in liberalisation of market
China has taken a measured approach to opening up its domestic market but the decision last month to more than double the QFII quota available to foreign players was unprecedented in its size. Is there more to come?
Default lines in China – Aaron Woolner column
Default lines in China
Indian corporates struggle with FCCB redemptions
Many Indian issuers of foreign currency convertible bonds maturing this year face defaulting on the debt after depressed equity prices force the companies to redeem rather than convert the bonds to equity
Lookback
Lookback
Fears of overreach in Mifid II and Mifir bond rules
Industry experts warn new Mifid and Mifir proposals might push business overseas
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
Bonds don’t always behave as their risk profile should dictate – Marty Fridson column
Right call, wrong outcome
When ‘bad’ assets aren’t bad – Caveat Lector column
Bargain hunt
Italy fiscal struggles raise new fears over creditworthiness
On the face of things Italy’s economy looks to be the most robust of all the so-called PIIGS countries, but scratch beneath the surface and you find a worrying picture emerging
Greece debt volatility provides openings for basis trading
A basis for trading
Best bank for euro bonds: JP Morgan
Best bank for euro bonds: JP Morgan
Unconstrained bond funds gain momentum as investors turn away from benchmarks
Asset managers have reported demand from clients for so-called unconstrained bond strategies; freeing them from the rigidity of managing to benchmark bond indexes. Credit talked to five leading investment firms to get their take on the unconstrained…
Law firm Paul Hastings adds to leveraged finance team
Rich Farley joins from rival, Cahill Gordon & Reindel
Spanish government debt issuance competing with structured products, say providers
Spanish regional government bonds aimed at retail investors are causing concern among some structured products providers
Dan Fuss interview – Part 2
Loomis Sayles vice-chairman discusses the US credit markets
US corporate credits offer opportunities – Dan Fuss interview
The US has recovered from recession but still faces an enormous debt burden. The onus is now on companies to pick up the slack in the economy and keep bonds buoyant