The Bank of England has widened the scope of its daily gilt purchase operations to include the purchase of index-linked gilts after a surge in real yields on Monday. Once…
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The drop in the jobless rate to 3.49% in September was the most important data point from Friday’s payrolls report. The unemployment rate is well below the Fed’s median estimate…
The US housing market has turned, abruptly. Despite a lack of inventory, the median price for existing homes is turning quickly. Ordinarily, this would signal a possible peak in US…
Local Government Financing Vehicles (LGFVs) initially bore the brunt of the deleveraging campaign in China and the crackdown on shadow financing. But since last year, local governments have once again…
The Citrix buyout debt sale is a warning for credit markets. Banks bore significant losses ($600 million) in a debt sale that will lead to a retrenchment in lending to…
The Gilt market operations are a specific measure to tackle a specific problem: prevent disorderly fallout from collateral calls on pension fund LDI strategies. The FPC action was not taken…
The decline in the Virtus Private Credit Strategy ETF has accelerated, down 17.47% YTD. Private equity was able to ride out the first stage of the bear market well: but…
