BUSINESS
A hard rain’s a-gonna fall on hedge funds
The hedge fund community is a keystone of the debt markets; disrupting its ability to absorb government debt will have knock-on effects for borrowing costs
BUSINESS
The world faces a tsunami of government debt
There’s a growing perception that central banks are at the zenith of the interest-rate hiking cycle, but reducing QE bond portfolios would continue to tighten monetary conditions
BUSINESS
EU’s bond benchmark ambitions suffer terminal growing pains
The bloc’s ambition to become the regional benchmark issuer is faltering
BUSINESS
Resistance is futile for European borrowers as yields soar
Companies are accepting the reality that borrowing costs are likely to stay high for the foreseeable future
BUSINESS
Europe is being battered by the US bond hurricane
The world is channeling more capital to the US — bad news for debt-riddled EU governments
BUSINESS
BOE won't be knocked off course by slowing inflation
The UK can’t be seen as more dovish than counterparts the Fed and ECB
BUSINESS
ECB poised for the rate pause that refreshes
Policymakers look set to leave borrowing costs unchanged at this week’s meeting. But that doesn’t mean the tightening cycle is over
BUSINESS
A smart way to force banks to pass on higher interest rates
When official interest rates rise, borrowers are typically punished much more quickly than savers are rewarded. Now National Savings & Investments, the UK state-owned savings bank, is stepping on the toes of banks by offering a much higher interest rate and wooing depositors
BUSINESS
Capital markets are reopening for Europe’s banks
Investor appetite for subordinated debt from the region’s financial firms is starting to recover after the Credit Suisse bondholder wipeout shuttered the market
BUSINESS
BOE gilt sales are a multibillion-pound mistake
State assets haven’t been disposed like this since then-Chancellor of the Exchequer Gordon Brown liquidated over half of the UK's gold holdings at $275 per troy ounce
BUSINESS
Central banks should stop hammering the economy into recession
In their zeal to compensate for missed inflation targets, policymakers are risking recession
BUSINESS
Libor's demise means no more rigging, but less flexibility
The interest rate once dubbed the most important number in finance finally dies this week
BUSINESS
Unlucky 13 looms for the BOE and UK mortgage payers
Continuing to raise interest rates risks driving the economy into a deep recession
BUSINESS
ECB inches nearer to the interest-rate summit
With the euro-zone economy faltering, policymakers should signal a pause in rate hikes is imminent
BUSINESS
BRICS raging against the dollar is an exercise in futility
The dollar is pretty much the most-utilised method of exchange across the world after each nation's own currency — sometimes even surpassing domestic currencies. Contradictions like China's likely dominance of any central bank that the BRICS could set up alongside the border tensions with India make the grand plans a non-starter
BUSINESS
The ECB finally switches off autopilot rate mode
Flatlining growth, slowing bank lending, inflation moderating and global banking wobbles all contributed to the ECB's decision to dial down the volume on monetary tightening.
BUSINESS
Central bank hawks had better hope the IMF is wrong about rates
If policymakers are bounced into reversing recent rate increases, their already battered credibility will suffer
BUSINESS
The dollar's coming slide will be welcomed by the world
The dollar looks likely to suffer an extended bout of weakness amid doubts about how much higher the Federal Reserve will raise US interest rates as it has second thoughts on the likelihood of a recession
BUSINESS
Bank of England, Fed may regret not pausing on rate hikes
Policymakers risk overtightening monetary conditions as the banking market remains a worry. At this point, it makes sense to pause and assess the effects of a year of continual rate hikes on their respective economies
BUSINESS
Credit Suisse bailout crosses a debt rubicon
The world of bank capitalisation is about to become a lot more volatile
BUSINESS
China's economic rebound matters greatly for Europe, modest or not
A China that's getting back on its feet will be a boon to German carmakers, as wealthy middle-class Chinese consumers have a penchant for European luxury goods
BUSINESS
The creeping menace of central banks' crypto dreams
Digital currencies are for government regulation, not participation
BUSINESS
Central bankers should prioritise growth over their pride
Policymakers risk overtightening in an effort to restore their inflation-battered credibility
BUSINESS
Markets pray for a Goldilocks economy in 2023
A guide to the new year with seven charts and some strange AI cat
