The rates market has traditionally been the bastion of stability in bond markets. Its biggest component — sovereign bonds — provide the risk-free rate and bedrock in any given currency. But that ...
On Wednesday, Penske Truck Leasing (Baa2/BBB+) hit the market with a $750m five year trade that tightened by 25bp to print at 85bp over Treasuries. Bank of America, JP Morgan, MUFG, US Bancorp and ...
UK financial regulation is shifting into a new gear, in which the emphasis will be strongly pro-growth and innovation, possibly with a higher tolerance for risk.