Italy is back in the spotlight as Deputy Prime Minister Salvini turns up the rhetoric ahead of European Parliamentary elections. His controversial statements reopen old wounds from last fall and suggests similar market turmoil may be in store for the eurozone. Much will depend on the outcome of European Parliamentary elections this month. Continue reading “Italian Political Outlook Hinges on European Parliamentary Elections”
We have produced the following ratings model to assess relative sovereign risk in Frontier Markets. A country’s score directly reflects its creditworthiness and underlying ability to service its external debt obligations. Continue reading “Frontier Sovereign Rating Model For Q2 2019”
In the Americas, lending fees have skyrocketed for coal mining company, Cloud Peak Energy. In Asia Pacific, there’s an increase in demand for Softbank Corp following an announcement that it will become the largest shareholder of Yahoo Japan. In Europe, demand continues for Purplebricks as one of its founding partners exits the company.
Continue reading “From the Securities Lending Trading Desk – Week of May 13th”
The US Treasury will soon release its semiannual report to Congress on “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” As well as adjusting the criteria for being named a currency manipulator, more countries will reportedly come under scrutiny. Yet despite the current trade frictions, we do not think China will be named as a manipulator. Continue reading “Some Thoughts on the Upcoming Semiannual US Treasury FX Report”