Tag Archives:

equity market

The Hangover

It feels a little like the first half of 2008 again to me. People are asking who has it right? The bond market or the equity market? Government bond yields in the UK, US and Germany are the lowest they’ve been in recent history. Yields this low, the argument goes, imply that the bond market is expecting the dreaded double dip. The equity markets on the other hand – after a fairly positive earni…

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Volcker Rules, OK for Bank Bondholders?

Guest contributorJeff Spencer (Financial Institutions Credit Analyst, M&G Credit Analysis team)

In an attempt to reduce risk-taking at financial institutions, yesterday President Obama announced a proposal to bar banks from engaging in proprietary trading activity that was unrelated to customer business. He also advocated that banks be stopped from owning or investing in hedge funds or priva…

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