Corporate bonds
Questions over event driven activists adding value
But strategy among highest returns this year
Dealers charging FVA on collateralised swaps
If collateral cannot easily be repoed, dealers say funding charge should apply
Options cutting costs for some cross-currency swaps
Dealers found a way to protect some cross-currency swaps from heavy new capital requirements last year, by adding foreign exchange options into the structure – but the powers of the technique are limited. Matt Cameron reports
What's the difference between issuers and borrowers?
Look beyond loans
The great unwind: Buy-side fears impact of market-making constraints
Some buy-side firms are already calling it the great unwind – the migration out of the huge bond portfolios buy-side firms have built up in recent years, as rates eventually rise. But with dealers less able to play the role of liquidity provider, it…
Finex launches first Russia corporate bond ETF
Finex notches up industry first with LSE listing of ETF linked to Russian corporate debt
Index roundup: Esma and EBA move to strengthen Euribor
Index roundup
HKMA warns banks not to weaken liquidity profile to benefit from LCR phase-in
Hong Kong regulator to consult banks on new LCR this quarter and assess level playing field implications before deciding on whether to adopt a phased approach
Undeveloped Asian capital markets continue to make hedging difficult
A lack of liquidity is still providing problems for corporates looking to hedge – even in Hong Kong
Total return swaps on iBoxx touted as alternative to corporate bond index ETFs
Exchange-traded funds that give exposure to corporate bond indexes could face competition from total return swaps on the indexes, say market participants
Non-financial corporate bonds: the future for structured products?
Using non-financial corporate bonds instead of bank bonds to underpin structured products could encourage more investors to consider them, as it would help diversify the counterparty risk within a portfolio, say industry participants
Exchange-traded funds provider of the year
Exchange-traded funds provider of the year
Hedge fund enables insurers to capitalise on bank deleveraging
Tenax Capital fund will buy bank loans and provide debt capital to corporates
Risk 25: How Basel III is turning borders into barriers
Turning borders into barriers
Emerging markets debt is the 'beta of choice' for ETF investors
Exchange-traded funds that give investors exposure to emerging markets debt are increasingly popular and funds denominated in local currencies are also on the rise
Hong Kong regulator to allow foreign currency liquid assets to make up LCR shortfall
HKMA backs foreign currency option for local banks struggling to meet Basel III’s liquidity coverage ratio
iShares launches dollar-denominated emerging markets corporate debt ETF
A new ETF from iShares gives investors dollar-denominated exposure to emerging markets corporate bonds
Van Eck launches Fallen Angels ETF amid increased demand for high-yield corporate debt
A new Market Vectors ETF from Van Eck is the latest in a busy period of corporate bond fund launches, highlighting continued demand for high-yield products
Sponsored forum: The future of e-trading for bonds
Regulators are keen for a wider universe of cash and derivatives instruments to trade on electronic platforms. A panel of experts discuss some of the challenges
Video: Schroders HK chief bullish on development of offshore RMB bond market
Lieven Debruyne, chief executive of Schroder Investment Management (Hong Kong), is eyeing up opportunities in the dim sum bond market
China gives boost to 'dim sum' bonds
A taste for dim sum
How the link between credit and economic growth has broken: Joseph Mason column
After the financial crisis of 2008–9, authorities needed to 'rehabilitate' corporate debtors to improve their creditworthiness. Why have they failed?