Funding, capital and ABS as financial market stability tool
Douglas Charleston looks at the wider implications of recent bank sector volatility and the opportunities it presents for credit investors.
Insights Topic
Banks
What is in the price of AT1s after the sell off?
After a volatile few days in bank capital, Felipe Villarroel looks at how AT1s are pricing after the sell off.
Central Banks have tools to handle volatility in the banking sector
Volatility in banking has dented consumer confidence. Felipe Villarroel explores if central banks have the will and the tools to safeguard financial stability amidst the recent issues with Credit Suisse and regional US banks.
How have AT1s traded this week
The events that unfolded over the weekend were sure to make for some volatile trading sessions in the Additional Tier 1 (AT1) market this week.
Bank of England joins the ECB on hierarchy
The Bank of England joins the European Central Bank in stating that there is a clear hierarchy when it comes to a resolution or an insolvency scenario.
Rules of the game - from Swiss finish to finished
Swiss regulators' decision to bail out Credit Suisse equity holders while wiping out AT1 debtholders will see long-term effects on bank debt markets and likely legal action says Eoin Walsh
Credit Suisse - In the eye of the storm
Partner Eoin Walsh explores what the potential outcome of regulatory intervention for Credit Suisse could mean as negative headlines persist for the bank.
Will bank lending change the ECB’s view on inflation?
European banks’ tighter lending standards are chipping away at corporate loan volumes and adding to the uncertainty surrounding the ECB’s inflation projections due later this month, says Felipe Villarroel.
UK consumer caution bad for growth, but good for bonds
With UK consumers holding on to more of their pandemic-era savings than their US counterparts, Felipe Villarroel looks at what it means for bond investors.
Discipline crucial amid surge in bond supply
With banks and corporates breaking records for January bond issuance, Johnathan Owen looks at the drivers of the surge in supply and sounds a warning for investors on sharp pricing.
Is pricing AT1s to call back in vogue?
With the reopening of primary bond markets in Europe being met with strong demand, the AT1 market is seeing an overdue shift away from pricing to perpetuity, says Eoin Walsh
The Rodney Blog 2023: A return to returns
In our annual ‘Rodney Blog’, Eoin Walsh says that with rates now offering both yield and downside mitigation, and credit yields at near-decade highs, fixed income investors could enjoy strong returns in 2023