Credit/Opinion
The bear essentials
The recent subprime-related volatility has been an eye-opening - not to say eye-watering - experience for many. Now the foundations have been laid for a bear market come 2008
Patience, the greatest virtue
Investors may be tempted to dive in and take advantage of widening credit spreads, but on the evidence of previous credit cycles the greatest rewards may go to those who bide their time
Drowning in liquidity
Our fascination with liquidity tells us a lot about the psychology of the financial markets
Government bond yields
Talkingpoint
Legal Spotlight
Powers extended to the new pensions regulator in the UK may make it more difficult for some merger and buyout transactions to take place. Bob Buhr explains how credit investors may stand to gain
Market Graphic - Subprime haircuts
Matt King, global head of credit products strategy at Citigroup in London, explains how CDOs of ABS will be vulnerable to forced selling if subprime haircuts rise
Market graphic: spread decompression
Market Graphic
Column: Amy Falls
Markets are ignoring the likelihood of rate rises in the US. But inflation, dollar weakness and private equity exuberance may herald the sudden return of interest rate risk
Column: John Birdwood
Investors of a certain vintage will know that there's nothing new about the subprime boom and bust. Savings and loan associations in the 1980s went through a similar ordeal
Talking point: exchange-traded credit
Talking point
Legal spotlight: principles-based regulation
Legal Spotlight
Market graphic: Correlation breakdown
Market Graphic
Jonathan Laredo
Is the apparent health of the CLO market little more than a fairytale?
CDOs of ABS
Market graphic
Contrarians at the Gate
Why the doomsayers are wrong about the likelihood of imminent market shocks
Has credit reached a tipping point?
Talking point
Oxygen for the markets
... or why market sentiment is propping up ill companies
It's different this time - really
The advent of the structured credit market has changed investors' understanding of risk. What's more, the triggers for widespread losses will not be the same this time round