Property owners rush to pay down debts or refinance at lower rates in absence of other investment options
The sector as a whole is under fire, but opportunities remain
Snap election creates uncertainty just as some investors increase exposure to European markets
Yen weakens after Japanese central bank delays releasing details on plans to trim balance sheet
How the market blocks accountability
Macroeconomic policies in many countries have undergone significant improvements
The funds would offer a solution for investors who risk losing out if they hold existing leveraged funds for more than a day
Issuers encouraged by ready pool of specialist hedge fund buyers for hybrid debt
Scrap creditor sequencing and let them talk
Avid Bioservices made a blunder
Decision by index provider hits Brussels’ efforts to widen pool of investors in its debt
Launches of vehicles that scoop up risky loans top €22bn in first five months of the year
Sell-off in French government debt has pushed borrowing costs for some maturities above those of Portugal
Ruling is setback for Javier Milei’s cash-strapped government as it faces cases brought by former foreign investors
The risks of holding Treasuries are rising with increasing deficits
Direct lenders are coming under increased competitive pressure
Foreign buyers attracted to the local currency debt of former pariahs such as Kenya and Pakistan
The US stock market accounted for $56bn of the $116bn pumped into exchange traded funds
Finance minister dubs snap poll ‘most consequential’ in history of Fifth Republic
Plus, ESG fund outflows, bets against European government bonds rise, and Alidad at WOW!house
Weak aeroplane delivery figures this week could deliver another blow to its credit outlook
Several months of fund outflows mark the decline of ESG as a marketing tool
Traders bet ECB will have limited room to cut rates this year with inflation above target
Also in today’s newsletter, majority of Europeans polled willing to pay for climate action
Bondholders seek damages for what they allege was an unjust violation of their property rights during rescue by rival UBS
International Edition