RIP bond kings
Chief investment officer of Europe’s largest fund manager warns on the dangers of ballooning US budget deficits
Nairobi plans to refinance part of a $2bn repayment due in June that was expected to strain public finances
Issuance comes days after departure of central bank chief who had taken hawkish approach to high inflation
Syndication time, come on
US regulator passes rule that will force some high-speed traders and hedge funds to register as dealers
US central bank chair sees three reductions in 2024 while markets price in five
Countries issued record amount of debt in January as investors sought to lock in yields
Stop fighting over who gets to perform the arb, start asking why the arb exists
Five-year $70bn auction in April to be biggest sale
Them’s the breaks
Are summer Hamptons trips reflected in overnight repo rates?
Bond dealers and investors highlight ‘structural shift’ in gilt buying
Bankrupt nation aims for restructuring soon, but private creditors say they have been left ‘in the dark’
Eternal verities in investment and finance are often counterintuitive
Growing number of developing countries no longer in ‘debt distress’
Academic titillation
Spread between Italian and German debt narrows as traditional core-periphery dividing lines fade
World’s top cocoa producer tests appetite for riskier debt after two-year hiatus for sub-Saharan African issuers
UK bonds underperform US and German counterparts after unexpected rise in inflation
Everyone at Davos thinks so — they are half right
ECB’s Lagarde says eurozone borrowing costs likely to fall in summer, later than markets expected
(And why you should care)
Luckily they’re pricing a couple of other possibilities too
International Edition