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…
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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…
The bond market has given a clear verdict on the new UK Government’s tax cuts and borrowing spree. The losses on Gilts have been outsized against a backdrop of a…
An earnings warning and withdrawal of full-year guidance sent shares of FedEx plummeting on Friday (-21.4%). That the global economy is slowing is not news, nor is the normalisation of…
There are many crosswinds impacting on the direction of global sovereign bond yields. Persistent services inflation in the US and a very tight labour market (initial claims have fallen back…
The recent spike in the 30-year Gilt yield may be instructive: the pressure on bond markets, where governments are not controlling their borrowing, is rising. The signalling mechanism is critical…
