Markit Credit Wrap

Argentina cries 'legal colonialism'

Fri, 23 Nov 2012 11:53:54 GMT

It might come as a surprise to some that Argentina and the US were once rivals on the world economic stage. At the turn of the 20th century the...

No catharsis for credit

Fri, 16 Nov 2012 12:32:32 GMT

If market participants thought that the US election would be a cathartic moment and trigger a rally into year-end then they were very much...

Taking stock of 'Sandy'

Fri, 02 Nov 2012 12:58:40 GMT

In the UK, talking about the weather is something of a national pastime. But the British - and everyone else - were this week discussing the...

Looking past earnings

Fri, 26 Oct 2012 11:45:45 GMT

With the US presidential election drawing ever closer and corporate earnings reports offering lowered guidance for 2013, attention has once again...

Eurozone breakup fears ebbing away

Fri, 19 Oct 2012 11:31:06 GMT

The EU Leaders Summit appears to have been largely a non-event in terms of market reaction. Relative calm in the markets may buy more time for...

How to fight fragility

Fri, 12 Oct 2012 12:39:53 GMT

It's on relatively quiet week's that one recalls the wisdom of great economists, such as Hyman Minsky, who established that financial market...

The power of politics

Fri, 05 Oct 2012 11:48:29 GMT

Politics and economics have been locked in a tempestuous relationship since the financial crisis started in 2007.brbrAcademic economists often...

The stress of waiting...

Fri, 28 Sep 2012 11:59:53 GMT

The events that were eagerly anticipated by market participants all week related to Spain. The markets had a positive initial reaction to the...

Awaiting Spain

Fri, 21 Sep 2012 12:24:41 GMT

The recurring theme this week was speculation on the timing of an aid request by Spain.

Riding the wave of liquidity

Fri, 14 Sep 2012 11:25:23 GMT

A tsunami of liquidity is heading our way and sweeping up the last vestiges of risk aversion. brbrAt least that is how it appeared in Europe...

Outlook cloudy

Fri, 31 Aug 2012 11:35:15 GMT

Summer is drawing to a close in the northern hemisphere and it is evident that the outlook for the credit market is not so clement.brbrThe...

The bumblebee days of summer

Fri, 24 Aug 2012 12:38:52 GMT

It has been a sleepy August compared to recent years for the credit markets. With several key events slated for September, many market...

Credit's lost decade

Fri, 10 Aug 2012 10:28:53 GMT

Japan is now synonymous with its “lost decade”, a period that began in 1991 and is now often referred to in the plural sense; the...

A battle for supremacy

Fri, 27 Jul 2012 12:07:54 GMT

A battle for supremacy has begun that will have the financial world transfixed over the coming weeks. The Olympics may have started in London, but...

Business as usual

Fri, 20 Jul 2012 11:42:00 GMT

Corporate credit has seen its limelight stolen in recent years by sovereigns and their ever-increasing debt burdens. Spreads in companies tend to...

The verdict

Fri, 13 Jul 2012 11:56:12 GMT

Britain's justice system was under scrutiny Friday following footballer John Terry's “not guilty” verdict. One could argue about the...

Reality bites

Fri, 06 Jul 2012 11:06:02 GMT

Perhaps it was inevitable that a promising start to the week would tail off as reality hit home.brbrSentiment had already turned when the US...

Great Expectations

Fri, 29 Jun 2012 14:21:25 GMT

The markets' immediate reaction to the EU leaders' summit is positive but challenges still remain.

Germany v Greece: game on

Fri, 22 Jun 2012 13:54:52 GMT

Germany and Greece are preparing to do battle Friday evening in one of the most emotive football fixtures in living memory.brbrIt's often said...

Greece decides

Fri, 15 Jun 2012 12:28:18 GMT

We are on the eve of a result that could have a seismic impact on a section of the European population. Many England supporters will have their...

Four down, one to go?

Fri, 08 Jun 2012 13:09:29 GMT

Is it going to be a case of four down, one to go? Reports this afternoon indicate that Spain will be the latest eurozone sovereign to request a...

Step into the breach

Fri, 01 Jun 2012 11:56:03 GMT

Here in the UK we are getting ready for Jubilee celebrations and the streets, people, you name it are decked out in red, white and blue. But in...

A compromise too far?

Fri, 25 May 2012 12:22:10 GMT

“Europe can have eurobonds soon”. Italian PM Mario Monti seems convinced that a compromise can be reached and Germany will agree to...

Last dance?

Fri, 18 May 2012 12:12:42 GMT

The great Donna Summer, who passed away yesterday, had one of her biggest hits with the song “Last Dance” from the soundtrack for the...

Odious debt

Fri, 11 May 2012 12:16:31 GMT

Amid all the grand talk of governments being formed and currency unions on the verge of splintering, it was an old-fashioned derivatives trading...

Franco-German wrestling

Fri, 04 May 2012 12:52:02 GMT

Here in the UK the headlines are dominated by the results of yesterday's local elections. The indications are that the Conservative-led coalition...

The art of the possible

Fri, 27 Apr 2012 12:38:13 GMT

“Politics is the art of the possible”. Bismarck made this memorable aphorism nearly 150 years ago but it is as pertinent as ever in...

The end of the Merkozy axis?

Fri, 20 Apr 2012 11:36:31 GMT

“We must strike at the Merkozy axis”. Jean-Luc Melenchon's left-wing populist policies are unlikely to lead him to victory in Sunday's...

Spain breaches 500bps

Fri, 13 Apr 2012 12:21:04 GMT

Rivers have a tendency to meander when they lose momentum downstream. The flow of water struggles to cut through obdurate landscapes; the path of...

A strong Q1 but...

Fri, 30 Mar 2012 12:05:19 GMT

The first-quarter of 2012 is ending in rather insipid fashion. This is perhaps unsurprising given that it has been characterised by unusually low...

Eurosclerosis

Fri, 23 Mar 2012 13:37:18 GMT

There was a time when “eurosclerosis” was the economic idea du jour. Stagnation in European economies during the 1980s and 1990s was...

On a roll, technically

Fri, 16 Mar 2012 12:57:25 GMT

That the most talked about event of the week was a highly public resignation from a certain bank just about sums up the last few days. It has been...

A waiting game

Fri, 09 Mar 2012 12:40:58 GMT

The commentariat have been waiting with increasing frustration this afternoon for ISDA to determine whether a credit event on Greece has finally...

A seed of rebellion?

Fri, 02 Mar 2012 12:35:37 GMT

Harold Macmillan, the former UK prime minister, was famously fearful of events. He is not alone judging by the kerfuffle in the credit markets...

Suspension of disbelief

Fri, 24 Feb 2012 12:24:29 GMT

“Suspension of disbelief...is a formula for justifying the use of fantastic or non-realistic elements in literary works of fiction”....

Trust me, I'm a debtor

Fri, 17 Feb 2012 12:07:30 GMT

It was remarked by several commentators during the financial crisis that the word “credit” has its origin in the Latin word for...

Brussels' open mic night

Fri, 10 Feb 2012 13:06:50 GMT

Hearing the phrase “open mic” conjures up images of deluded musicians performing in half-empty nightclubs. But it was in the rarefied...

Economics trumps politics

Fri, 03 Feb 2012 13:25:46 GMT

In the credit markets we have become used to politics driving sentiment. Understanding the intricate, sometimes baffling policy machinations of...

The last line of defence

Fri, 27 Jan 2012 12:05:56 GMT

A US economy on the up; a Chinese government ready to boost growth if necessary; even tentative signs of progress in tackling the eurozone's debt...

Plenty to chew on

Fri, 20 Jan 2012 11:32:52 GMT

A subdued end to what has been a busy week in the markets. Greek private sector involvement, eurozone bond auctions, IMF interventions, US...

Unlucky for some

Fri, 13 Jan 2012 10:42:09 GMT

We all know that markets are perfectly efficient and superstitious nonsense such as Friday 13th isn't countenanced by rational participants. But...

An unseemly spat

Fri, 16 Dec 2011 10:51:00 GMT

The spat that has broken out between France and the UK is perhaps a fitting end to what has been a year racked by division and uncertainty. The...

Splendid isolation?

Fri, 09 Dec 2011 11:48:26 GMT

The UK spent most of the late 19th century in splendid isolation and looks set to do so again in the current century. But over 100 years ago...

Waiting for an Encore and More

Fri, 02 Dec 2011 11:32:02 GMT

Central bank interventions to free up dollar liquidity helped risky assets rally this week but the Dec 9 EU leaders' summit has become all critical.

A Pyrrhic victory?

Fri, 25 Nov 2011 11:40:20 GMT

Angela Merkel is a scientist by background but she is no doubt familiar with classical history and, in particular, the story of King Pyrrhus of...

Breathing contagion

Fri, 18 Nov 2011 11:13:16 GMT

Watching Hamlet at the Young Vic this week my attention was briefly diverted from Michael Sheen's bravura performance when he uttered the words...

Fragile solidarity

Fri, 11 Nov 2011 11:19:42 GMT

A new Greek prime minister has been sworn in and the incumbent Italian premier may have gone by Sunday. The markets can be forgiven for grasping...

Volatile times

Fri, 04 Nov 2011 11:29:43 GMT

If someone had come back from a long, remote holiday today this morning they might conclude that it had probably been an uneventful week. There...

Regaining trust

Fri, 28 Oct 2011 11:04:01 GMT

The recent rally in the financial markets has been remarkable not only for its magnitude but also its genesis. Signs that the US economy will...

Strong, powerful and durable

Fri, 21 Oct 2011 10:40:26 GMT

“Strong, powerful and durable”. Only an optimist would describe the euro as such – particularly the latter characteristic -...

A triumph of hope over expectation?

Fri, 14 Oct 2011 10:44:40 GMT

Samuel Johnson declared that a second marriage was a triumph of hope over expectation. The same might be said of the financial markets'...

In the mood

Fri, 07 Oct 2011 10:28:14 GMT

Glen Miller's version of “In the Mood” was recorded in 1939, when the US economy was struggling to recover from the premature...

A familiar bubble in China

Fri, 30 Sep 2011 09:22:37 GMT

September has come to an end and here in the UK we have the unusual pleasure of basking in glorious sunshine. Unfortunately this is no pathetic...

Warm words

Fri, 23 Sep 2011 10:52:00 GMT

UK Prime Minister David Cameron warned on Thursday night that the global economy is close to “staring down the barrel” and berated...

Can it be all so simple?

Fri, 16 Sep 2011 12:03:45 GMT

Just when it seemed the market was heading for armageddon along came Trichet and his friends to save the day. The sober ECB head makes an unlikely...

It's just not enough

Fri, 09 Sep 2011 08:13:04 GMT

Here in the UK we have become accustomed to spin from politicians. New Labour were past masters at using the media to gauge and manipulate public...

Get ready for action

Fri, 02 Sep 2011 09:37:58 GMT

Predictions of US relative decline are now so common that a whole sub-genre of geopolitics literature has emerged.. Titles such as “When...

A policy maker's predicament

Fri, 26 Aug 2011 12:27:06 GMT

The US state of Wyoming is better known for its spectacular landscape rather than its economic influence. But today the bucolic valley of Jackson...

Uncertain times

Fri, 19 Aug 2011 12:08:15 GMT

Focus has shifted from Merkel-Sarkozy to European banks and a stagnating US economy, prompting renewed volatility.

Shut up and listen

Fri, 12 Aug 2011 12:16:28 GMT

It was a volatile week all the way around. Everyone needs time to reassess. Will the temporary ban on short selling aid that process?

“Move along, there’s nothing to see here"

Fri, 05 Aug 2011 10:49:57 GMT

“Move along, there's nothing to see here”. The old trope from comedy films was being deployed – in less funny ways – by...

A northern front?

Fri, 29 Jul 2011 11:23:58 GMT

Month-end trading sessions in the credit markets are typically prosaic affairs. A month-end that falls on a Friday in mid-summer, in particular,...

Is this time different?

Fri, 22 Jul 2011 10:52:51 GMT

“This Time is Different”, Carmen Reinhart and Kenneth Rogoff's history of financial crises, posited that investors often dismiss the...

Waiting for grades

Fri, 15 Jul 2011 11:14:45 GMT

European financial and sovereign spreads move wider ahead of stress test results for European banks.

Italy in the firing line

Fri, 08 Jul 2011 10:36:50 GMT

If participants in the credit markets were hoping this week for a respite from the recent volatility then they would have been disappointed. Today'...

Can we forget about Greece?

Fri, 01 Jul 2011 13:23:03 GMT

The second-half of the year started on a subdued note ahead of a holiday-extended weekend in the US. Flows were reported by traders to be very quie...

Sino-Hellenic relations

Fri, 24 Jun 2011 11:06:56 GMT

China and Greece can boast that they possessed two of the ancient world's most advanced civilisations. Indeed, the “east”, led by China...

"A superficial alliance"

Fri, 17 Jun 2011 11:00:47 GMT

Jacque Delors, the former European Commissioner, called the relationship between Angela Merkel and Nicholas Sarkozy a “superficial alliance&r...

The "thin line"

Fri, 10 Jun 2011 10:00:03 GMT

When there is an information vacuum in Europe it seems that it invariably gets filled by news on the sovereign debt crisis. This week was a typical...

Flattening Greece

Fri, 03 Jun 2011 10:07:18 GMT

For a week interrupted by several holidays – Monday in the US and UK, Thursday (Ascension Day) in most of Europe – there was an unusual...

No point resisting

Fri, 27 May 2011 10:36:16 GMT

It was noted last week just how resilient credit had been in the face of renewed volatility in sovereigns. The Markit iTraxx Europe index had been...

Off the table?

Tue, 24 May 2011 13:22:48 GMT

After a week of intense speculation about Greek sovereign debt restructuring, Markit Credit Wrap discusses the implications for Greek sovereign CDS...

Don’t mention solvency

Fri, 13 May 2011 08:00:00 GMT

Greece, Ireland and Portugal only have liquidity, not solvency problems at the current time. Such a statement would probably be met with derisive laughter by most mark...

Move over credit

Fri, 06 May 2011 08:00:00 GMT

Credit has been used to hogging the headlines over the last few years. The beginnings of the sub-prime meltdown, Lehman Brothers’ bankruptcy and the ongoing sovereign...

A Perfect Dry Spell

Fri, 29 Apr 2011 08:00:00 GMT

Rather than a ‘perfect storm’, it was a ‘perfect dry spell’ and risky assets rallied. Short credit investors seemed to be caught flat footed.

Holiday rumours

Thu, 21 Apr 2011 08:00:00 GMT

It was a relatively muted end to a holiday shortened week. European credit underperformed equity as mounting concerns over peripheral sovereigns offset gains from soli...

What's in a euphemism?

Fri, 15 Apr 2011 08:00:00 GMT

If these conditions aren’t met, then “further measures” must be taken. It sounds like a euphemism for an assassination taken from a bad thriller.

Dam Straight

Fri, 08 Apr 2011 08:00:00 GMT

Events this past week provided a lot of clarity on some major issues particularly around the issue of haircuts for senior bondholders and Portugal’s fate regarding a b...

Markit Sovereign Report Q1 2011: A New World Order?

Mon, 04 Apr 2011 08:00:00 GMT

A changing of the guard. A global realignment. A new world order. Just a few of the hackneyed phrases used to describe the shift in power from the developed world to e...

A relief rally

Fri, 01 Apr 2011 08:00:00 GMT

Risky assets are ending the week and starting the second-quarter on a high, helped by strong economic data and a positive reaction to Ireland’s bank stress tests.

Muddling through

Fri, 25 Mar 2011 08:00:00 GMT

It was a quiet end to what was billed as a potentially momentous week. The two-day EU summit that began yesterday has now concluded, and the “grand deal” that was expe...

Markit Update: Markit CDX NA HY Index Roll

Wed, 23 Mar 2011 08:00:00 GMT

The final membership of the new Markit CDX NA HY index will be announced this week. The following report outlines the changes and provides some colour on the constitue...

Delivering on promises

Fri, 18 Mar 2011 08:00:00 GMT

Typically, the week before a CDS index roll used to be a relatively quiet affair. Activity was dominated by position adjustment; technical factors would normally trump...

Markit iTraxx Europe Index rolls: An update

Thu, 17 Mar 2011 08:00:00 GMT

The final membership of the new Markit iTraxx indices, scheduled to roll on 21 March 2011, as announced this week.

Markit Update: Markit CDX NA IG, HVOL and EM index rolls

Thu, 17 Mar 2011 08:00:00 GMT

The final membership of the new Markit CDX NA IG, HVOL and EM indices was announced this week. The following report outlines the changes and provides some colour on th...

Peak risk

Fri, 11 Mar 2011 07:00:00 GMT

Participants in the financial markets already had their hands full before this morning’s massive earthquake in Japan.

Conflicting forces

Fri, 04 Mar 2011 07:00:00 GMT

Two conflicting forces have been vying for influence over the credit markets this week. Oil, the cause of several recessions during the last 40 years, has had a signif...

MENA liquidity special

Fri, 25 Feb 2011 07:00:00 GMT

The popular uprisings of 2011 in North Africa and the Middle East have been compared with revolutions in 1989, 1979, 1968 and even 1848.

The traditional bugbears

Fri, 18 Feb 2011 07:00:00 GMT

The G20 meets today in Paris, and it is no secret what is top of their agenda. French President Nicholas Sarkozy has made it quite clear that he intends to tackle the...

Inherent uncertainy

Fri, 11 Feb 2011 07:00:00 GMT

Daniel Defoe once said that “credit makes war, and makes peace”. He was writing in 1725 about the new methods of financing that were allowing Britain and the Netherlan...

Inherent uncertainy

Thu, 10 Feb 2011 16:00:00 GMT

Awaiting clarification

Fri, 04 Feb 2011 07:00:00 GMT

The week’s newspapers were, rightly, dominated by one major story: revolution. The anti-government protests in Egypt have had a resonance internationally that has surp...

It’s the politics, stupid

Fri, 28 Jan 2011 07:00:00 GMT

Mention the word “contagion” to people in the credit markets and most of them will immediately think of the eurozone debt crisis, Greece, Ireland and the rest.

Balls livens things up

Fri, 21 Jan 2011 07:00:00 GMT

Those of us in the UK woke up to news of Alan Johnson resigning as shadow chancellor and Ed Balls taking his place.

Great expectations

Fri, 14 Jan 2011 07:00:00 GMT

“Don’t get your hopes up” is an admonishment familiar to many an excitable child and weary parent. Unrealistic expectations have a nasty habit of getting shattered.

Confidence and supply

Fri, 07 Jan 2011 07:00:00 GMT

The first week of January is often a positive one for risky assets as investors return from their holidays. Indeed, that pattern looked like it was going to be repeate...

"Do whatever is required"

Fri, 17 Dec 2010 07:00:00 GMT

Herman Van Rompuy, the European Council president, reiterated today that the authorities would "do whatever is required" to protect the integrity of the eurozone.

Pressure on peripheral subordinates

Fri, 10 Dec 2010 07:00:00 GMT

Last week saw a major short covering rally in sovereigns after the ECB ramped up its purchases of peripheral government bonds, albeit in a deliberately oblique manner.

A sleight of hand

Fri, 03 Dec 2010 07:00:00 GMT

Central bankers have a rather staid reputation in the world of finance. After all, one of the most famous quotes by a central bank head is that the job of the Federal...

Frozen out

Fri, 26 Nov 2010 07:00:00 GMT

Ireland and Iceland have been compared often in the last two years. The two island nations in the North Atlantic are emblematic of the excessive financial debt that pr...

Ireland's lament

Fri, 19 Nov 2010 07:00:00 GMT

The lament has a long and proud history in Irish folk music. Songs of sorrow and pain have been sung in pubs, funerals and countless other venues for hundreds of years.

May crisis redux?

Fri, 12 Nov 2010 07:00:00 GMT

Sovereign spreads widening to record levels amid fears of defaults in the eurozone's periphery. Subsequent rumours of an EU and/or IMF bailout causing spreads to rally.

The usual culprits

Fri, 05 Nov 2010 08:00:00 GMT

A cursory glance at the chart above would suggest that the current week has been an unexceptional one for corporate credit risk. The Markit iTraxx Europe closed today...

Playing politics

Fri, 29 Oct 2010 08:00:00 GMT

Politicians have been derided many times for their often shaky knowledge of economics. Ronald Reagan's supply-side policies were dismissed as "voodoo economics" by non...

The Week in Perspective

Fri, 08 Oct 2010 08:00:00 GMT

Investors looking for direction from this week's major economic releases were looking in vain as markets appeared to regard the next stage of quantitative easing as a...

The Week in Perspective

Wed, 29 Sep 2010 08:00:00 GMT

A western union

Fri, 24 Sep 2010 08:00:00 GMT

Sovereign CDS spreads have underperformed their corporate counterparts in recent weeks, the seemingly interminable problems of the eurozone’s periphery continuing to a...

Ireland's modern tragedy

Fri, 17 Sep 2010 08:00:00 GMT

By midday it looked like being an uneventful Friday in a relatively uneventful week. But the closing afternoon has developed a habit of throwing up surprises, more oft...

Markit Credit Wrap: Of Banks and Sovereigns

Fri, 10 Sep 2010 08:00:00 GMT

This week was quite light on activity from significant economic releases compared to last week. This allowed themarkets to focus almost exclusively on the sovereign de...

Bernanke reassures…for now

Fri, 27 Aug 2010 08:00:00 GMT

The week's most anticipated event was in the unlikely place of Jackson Hole, Wyoming. Here, central bankers from across the world meet annually for a symposium, discus...

"Time for Micawber"

Fri, 20 Aug 2010 08:00:00 GMT

In his latest book "Capitalism 4.0", Anatole Kaletsky coins what he calls the Micawber Principle: "Something will turn up". Kaletsky applies the optimistic outlook of...

"Time for Micawber"

Wed, 18 Aug 2010 12:00:00 GMT

The split resurfaces

Fri, 13 Aug 2010 08:00:00 GMT

The core/peripheral distinction given to the eurozone in recent months could be construed as somewhat demeaning to the latter group. After all, Italy was a signatory o...

Join the QE.

Fri, 06 Aug 2010 08:00:00 GMT

Any economics undergraduate will know (or should do) that the labour market is a lagging economic indicator. Unemployment tends to peak several quarters after recessio...

Name that catchphrase

Fri, 30 Jul 2010 08:00:00 GMT

It's been 14 years since Alan Greenspan coined the phrase "irrational exuberance". The Fed chairman's memorable utterance came to embody the excesses of the dot.com er...

European bank stress tests: A CDS overview

Fri, 23 Jul 2010 08:00:00 GMT

The publication of the stress test results for European banks has been one of the most keenly awaited events of the year. The perceived fragility in the banking sector...

Fog descends

Fri, 16 Jul 2010 12:00:00 GMT

Investors who see the world in clear and simple terms would have been confused this week as the plethora of data coming out of the US failed to signal a clear directio...

Normal service resumed?

Mon, 12 Jul 2010 08:00:00 GMT

Back in May we wrote a note on liquidity in the eurozone sovereign CDS market (May 21 Liquidity Update). At the time spreads were highly volatile, particularly in the...

Haircut overdue

Fri, 09 Jul 2010 08:00:00 GMT

The World Cup reaches its climax on Sunday, and football fans will be hoping that the final provides more excitement than the markets this week.

Damp squib

Thu, 01 Jul 2010 00:00:00 GMT

Looking to G20

Fri, 25 Jun 2010 08:00:00 GMT

Europe credit markets ended the week on a high, though illiquidity and the World Cup both may have played a part. The tightening in spreads this afternoon - the marke...

Feel the stress

Fri, 18 Jun 2010 08:00:00 GMT

"There is nothing better than transparency to demonstrate solvency". Transparency is becoming a hackneyed word, both in finance and in politics.

Evaluated Bonds: May/June round-up

Thu, 17 Jun 2010 08:00:00 GMT

The European bond markets have experienced another turbulent few weeks, something investors are becoming all too accustomed to. Concerns over government budget deficit...

A line in the sand?

Thu, 17 Jun 2010 08:00:00 GMT

European credit markets staged a strong rally today, comfortably outperforming their lacklustre equity counterparts. A declining US stock market, usually the nemesis o...

Jabulani time

Fri, 11 Jun 2010 08:00:00 GMT

Credit investors across the world - well most of it - will have one eye on the football and the other on the markets, and many will be hoping that spreads don't share...

Looking to fundamentals

Fri, 28 May 2010 08:00:00 GMT

The week ended with a whimper rather than the bang we have become accustomed to. Indeed, the last few days have been untypical of what has been one of the most turbule...

Tales of the Unexpected

Fri, 21 May 2010 08:00:00 GMT

Volte face

Fri, 14 May 2010 08:00:00 GMT

Carnage in Credit

Fri, 07 May 2010 08:00:00 GMT

Title "Events dear boy"

Fri, 30 Apr 2010 08:00:00 GMT

Friday fireworks

Fri, 23 Apr 2010 08:00:00 GMT

Are financials the new sovereigns?

Fri, 16 Apr 2010 08:00:00 GMT

The moment of truth?

Fri, 09 Apr 2010 08:00:00 GMT

Ship of Fools

Thu, 01 Apr 2010 08:00:00 GMT

Ship of Fools

Wed, 31 Mar 2010 04:00:00 GMT

European (dis)Union

Fri, 19 Mar 2010 08:00:00 GMT

Asking for Direction

Fri, 12 Mar 2010 07:00:00 GMT

The Stoic Injunction

Fri, 05 Mar 2010 07:00:00 GMT

A Damp Rag? Never!

Fri, 26 Feb 2010 07:00:00 GMT

Banks and sovereigns intertwined

Fri, 12 Feb 2010 07:00:00 GMT

Revisiting the 15th Century

Fri, 05 Feb 2010 07:00:00 GMT

GDP to the rescue

Fri, 29 Jan 2010 07:00:00 GMT

Bonds hold firm while CDS retreat

Fri, 22 Jan 2010 07:00:00 GMT

Markets nonplussed by jobs report

Thu, 21 Jan 2010 07:00:00 GMT

Sovereign and corporate credit risk converge

Fri, 11 Dec 2009 07:00:00 GMT

Crisis? What crisis?

Fri, 04 Dec 2009 07:00:00 GMT

Dubai contagion overdone?

Fri, 27 Nov 2009 07:00:00 GMT

Is Greece the only sovereign on a slippery slope?

Fri, 20 Nov 2009 07:00:00 GMT

Wrap201109.pdf

Weak dollar fuels credit boom

Fri, 13 Nov 2009 07:00:00 GMT

Bernanke's linguistics underpin markets

Mon, 09 Nov 2009 07:00:00 GMT

Decoupling back?

Fri, 30 Oct 2009 08:00:00 GMT

GDP figures disappoint but markets take little heed

Fri, 23 Oct 2009 08:00:00 GMT

GDP figures disappoint but markets take little heed

positive earnings surprises = wider spreads?

Fri, 16 Oct 2009 08:00:00 GMT

Is Latvia ready to face reality?

Mon, 12 Oct 2009 08:00:00 GMT

Ireland on the brink?

Fri, 02 Oct 2009 08:00:00 GMT

Markit SovX: Is the UK the sick man of Europe?

Tue, 29 Sep 2009 08:00:00 GMT

Market takes index rolls in its stride.

Fri, 25 Sep 2009 08:00:00 GMT

PMIs drive credit markets tighter

Fri, 21 Aug 2009 08:00:00 GMT

Has the US consumer been listening?

Fri, 14 Aug 2009 08:00:00 GMT

Last hurdle cleared?

Fri, 07 Aug 2009 08:00:00 GMT

The Psychology of Markets

Fri, 31 Jul 2009 08:00:00 GMT

Curves continue to steepen

Fri, 24 Jul 2009 08:00:00 GMT

Normal service resumed?

Wed, 15 Jul 2009 12:00:00 GMT

Markit Indices retreat in the face of risk aversion

Fri, 10 Jul 2009 08:00:00 GMT