-
Weaker than expected payrolls figures slightly change the rates markets’ expectation
June non-farm payrolls were 57,000, which was lower than expectations. This slightly changes the consensus, which was that the economy was doing…
-
Synthetic risk transfer trades spreading – Singapore’s largest bank DBS does first Singapore SRT at US$1 billion.
Synthetic risk transfer (SRT) trades have grown rapidly in Europe and the US. They are now expanding in other regions.
-
Credit markets might be too positive – possibly good window for issuers and investors
Credit markets might be too positive with spreads close to 25-year lows. Might be a good opportunity for issuers and investors.
-
NVIDIA’s $25 billion deal shows excellent markets for issuers
NVIDIA issued a $25 billion bond deal. It got $85 billion of orders for the deal. Spreads were also meaningfully tightened during…
-
Watch for strong issuance in June ahead of summer holidays
Many issuers may issue in June – ahead of European and then US summer quiet periods. This effect may be amplified this year.
-
Ultra-high hyperscaler credit issuance could saturate global credit markets
The hyperscalers project around $750 billion of capex for 2026 as AI infrastructure race gathers steam. Other credit issuers should plan for…
-
The Fed might actively raise long term rates instead of raising the Fed funds rate
For credit issuers and investors – evaluate locking in medium/long-term rates now
-
Goldilocks credit markets – as high rates create strong demand without widespread credit fears
High interest rates are creating excellent credit markets for issuers and investors.
-
US economy doing well – high ISM raises the chances of higher rates
Data from surveys from industry (like this PMI Manufacturer’s survey) and employment data has held up well, while inflation is increasing. This…
-
Pemberton raises €3.4 billion for its latest private credit fund
European private credit continues to grow – in size and sophistication. The fund invests in European strategic opportunities for mid-market companies.
Every market
All Markets
Everything we publish, newest first — across bonds, private credit, syndicated loans and structured credit. Use the markets bar above to narrow to a single market.