Rates justify their rally, and AI isn't a credit problem yet
Volatility has spiked in financial markets over the past couple of weeks, driven by the tech and AI-related sell-off, US midterm elections and falling oil prices.
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No one is buying OATs. Will the ECB?
French government bonds (OATs) keep on breaking records and psychological barriers, with the latest being 10-year yields smashing through 5% for the first time since 2002 this week.
Are smaller AT1s still offering sufficient premium?
This week a small Austrian lender, KommunalKredit, brought to the market a €150m Additional Tier 1 (AT1) transaction.
High yield pricing and covenants test investor demand
September’s surge in high yield (HY) issuance tested the limits of investor appetite in an evolving market.
ABS: Why it can pay to stay floating
It has been another strong year for European asset-backed securities (ABS), and securitised markets have looked through the recent rates volatility well, with spreads broadly stable across the capital structure in Q3 2026.
French banks caught in crossfire, but fundamentals are solid
France has been the primary focus of the European rates markets in the past week, with domestic political risk and debt concerns adding to a general sell-off across government bonds.
InPost puts bondholder protections to the test
E-commerce platform InPost has entered the European high yield (HY) market this week with a new seven-year senior secured bond as part of a €3bn financing package to help fund its acquisition by an Advent led consortium.
Are bond market technicals better than price action suggests?
Looking at the sharp moves in government bond markets in recent days, one would be forgiven for thinking we are seeing some level of forced selling that is pushing valuations lower.
Markets can’t rely on midterms to change course of Iran war
Prediction markets suggest the Democrats are capable of gaining a majority in both the Senate and the House of Representatives at the US midterm elections on November 3, with Polymarket putting the chance of a “sweep” at 64% as of Friday morning.
The ECB pushes back on bank “deregulation”
The topic of banking “deregulation” has come back to the fore this year, mainly fuelled by initiatives from the US authorities.
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