Monday 21st April 2014
flextrade
BlackRock has been awarded its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission (CSRC) - An index joint venture between FTSE Group and Canada’s TMX Group has acquired the indices business of MTS, a European electronic fixed income trading business owned by the London Stock Exchange - The European leveraged finance market is set to undergo a shift this year, as private equity sponsors veer back towards loans to finance leveraged buyouts, says S&P Capital IQ - Turkish corporates are the most exposed among EMEA emerging markets to a scenario of slowing growth, rising interest rates and a persistently weak local currency, according to Fitch Ratings - London-based Global Markets Exchange Group (GMEX) is in talks to acquire an equity stake in ALTX Africa Group, a new exchange operator focusing on East Africa - Alternative asset managers with expertise in high-yield fixed income and distressed assets are upping their investments in the peer-to-peer loan market, according to a new report from Cerulli Associates.

Latest News


MORE NEWS...
Key Stories
Elena Skurikhina, head of Russia and CIS debt at Cbonds, reviews the previous month’s activity within the Russian bond market.
Wednesday, 09 April 2014

Russian Bond Market Review: March

The optimistic expectations analysts had in the end of last year are rapidly changing to negative this spring.  This has to do with disappointing figures of GDP growth (modest 0.2%), shrinking investments and strong capital outflow.  Retail growth in February was 4.1%. There still is some hope for consumer demand, which so far is the key factor in stabilizing the economy.

Read more...
Konstantin Lysenko, head of International Projects, Cbonds Group

In the first quarter emerging debt markets were predominated by uncertain atmosphere. January 2014 was the most productive month in the history of EM Eurobond issues worth of $65bn. In February, in light of the funds outflow from Emerging Markets, issuers’ activity in the primary market fell by three times compared with the January level. In March, Eurobond placements mostly from Latin America and Asia continued, on the background of the growing political crisis between Russia and the West because of the situation in Ukraine and further annexation of Crimea to Russia. As a result, the volume of issues in Q1 reached 122.6 billion dollars, which is 3 billion dollars lower than the results of the comparable period last year. By Konstantin Lysenko, head of International Projects, Cbonds Group. 

Read more...

In the first of a new series of commentaries from Tradeweb on the fixed income market, we look at the impact of slowly improving fundamentals in developed economies with the attendant impact on selected sovereign bond issuance.

Read more...
What's eating TM?
Monday, 17 March 2014

What's eating TM?

Faced with perpetually tight margins (and even tighter regulations) banks have grown less tolerant of services that may prove more problematic than profitable—thus in 2013 several notables simultaneously bid adieu to all or most of their transition management programs. What are the implications of this shrinking field of TM players? Which surviving firms stand the best chance of securing the business of those who were suddenly severed? From Boston, Dave Simons reports.

Read more...
Attracting foreign investment in uncertain times

Emerging markets have come under renewed pressure of late: not least Turkey, where the cost of sovereign ten year debt has risen to 10.45%, the highest for three years and where the central bank was forced to push up interest rates (raising all three main policy rates by between 425 and 550 basis points) to shore the lira at the end of January. Does the central bank move mark a watershed in Turkey’s outlook in 2014? Istanbulbased lawyer Mehmet Gün, founder and senior partner of Mehmet Gün & Partners, thinks so. He makes the case.

Read more...
The experts agree: achieving price discovery/best execution while monitoring market structures across a number of different asset types is not for the faint of heart. David Simons reports.
There was a time when transitions were almost exclusively one-to-one type events—say, selling a one index based portfolio while picking up a FTSE100 based strategy.
Read more...
Monday, 17 March 2014

Tracking track records

Given the recent unravelling of the US Federal Reserve Bank’s and Bank of England’s forwardguidance policies as a result of incorrect unemployment forecasts, Jens Vanbrabant, lead portfolio manager at ECM Asset Management (an independently operated credit investor owned by Wells Fargo) looks at the role of forecasters and how they go about studying credit spreads and government bond yields.

Read more...

Regulation and its impact

Read more...
Page 1 of 355
  • Review of Emerging Markets Eurobonds for Q1 2014
    In the first quarter emerging debt markets were predominated by uncertain atmosphere. January 2014 was the most productive month in the history of EM Eurobond issues worth of $65bn. In February, in light of the funds outflow from Emerging Markets, issuers’ activity in the primary market fell by three times compared with the January level. In March, Eurobond placements mostly from Latin America and Asia continued, on the background of the growing political crisis between Russia and the West because of the situation in Ukraine and further annexation of Crimea to Russia. As a result, the volume of issues in Q1 reached 122.6 billion dollars, which is 3 billion dollars lower than the results of the comparable period last year. By Konstantin Lysenko, head of International Projects, Cbonds Group.
  • Russian Bond Market Review: December 2013 - January 2014
  • The lambent appeal of Eurobonds

Current IssueSpecial Report

White Paper

Charting a smooth course through AIFMD implementation

Charting a smooth course through AIFMD implementation

pdfDownload PDFView all Whitepapers

Blogs

  • Monday, 14 April 2014 13:20The dangers of twin deficits
    What characterises twin deficits, and is their presence in the US, UK and now Japan, cause for alarm? The term “twin deficits” refers to a…

Most Read News

Most Read Articles

Third Party Events