With only four more days of moustache shame left to endure, the M&G team is up to around £6000 raised for The Prostate Cancer Charity. With some offline donations and a generous contribution from M&G still to be added on,…
Category Archives: News
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Movember – please help us raise lots of money for the Prostate Cancer Charity
- Topics
- News
Posted November 10th, 2009
The M&G Bond Vigilantes are growing some very fine moustaches in aid of the Prostate Cancer Charity. We’re less than two weeks into Movember and already the bond desk looks like the Hulk Hogan Appreciation Society crossed with the Village…
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The US banking sector – an analysis of the prospects for smaller banks
- Topics
- News
Posted September 2nd, 2009
Guest contributor – Jeff Spencer (Financial Institutions Credit Analyst, M&G Credit Analysis team) Investors could be forgiven for thinking that the US banks are well on their way to recovery, with several big banks having redeemed the government preference shares…
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There’s a hidden restaurant, somewhere north of the Bethnal Green Road, called the Rochelle Canteen. And for some reason it has a figure of eight wooden cycling track in its garden, built by an artist at St Martin’s and looking…
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What do corporate bond spreads and Usain Bolt have in common?
- Topics
- BBB rated, corporate bonds, News
Posted August 11th, 2009
The rally in corporate bonds this year is reminiscent of Usain Bolt in full flight in the 100m dash at the Beijing Olympics. Historic. Unprecedented. Fast. So just how far have corporate bond spreads rallied? After blowing out late 2008…
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The day after Richard’s ‘walking on custard‘ blog last week, the BoE announced that it was going to have a break from its QE program, at least until its quarterly Inflation Report comes out next month. The BoE had previously…
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The US bond market expects the Fed to start raising rates again at the start of 2010, if not earlier. The bond market is usually right, but maybe not this time. A speech last week by influential San Francisco Fed…
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Economic theory is simple – increase the supply of something, and its price should fall. Therefore to increase inflation, reduce the value of money by simply printing it. If this excess money is spent on a limited supply of goods…
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Some interesting ideas about how Japan (and by extension the rest of us) can get out of the deflation trap in today’s Times. The article, "To fight deflation, abolish cash", proposes that getting rid of physical money will allow policy…
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Longevity risk and pension fund deficits aren’t exactly new topics – one of the first ever comments on this blog was on precisely this subject (see here). But it’s going to become a bigger and bigger issue over the coming…










