As BA goes to court to try to stop the 12 Days of Christmas strike by its UNITE cabin crew members, I dug out the paper mentioned in the Times yesterday about the impact of striking on workers’ pay. The…
Category Archives: BB rated
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British Airways, strikes, and a final Christmas competition reminder
- Topics
- BB rated, high yield
Posted December 16th, 2009
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The original ‘Bond Vigilantes’ were the bond investors who reacted to authorities’ loose monetary or fiscal policies by forcing sovereign bond yields higher, thus punishing central banks or governments by increasing the cost of issuing further debt. Right now, the…
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Escalating M&A + pension fund crisis = inverted yield curve
- Topics
- BB rated, corporate bonds, pension funds
Posted December 21st, 2006
The impact of pension fund demand on long dated bonds is generally understood, but few realise that rising takeover activity is amplifying this effect. In order to protect people’s pensions, the pension regulator is insisting that the acquiring company fully…










