In a rapid shift, 30-year bond yields have soared over 30 basis points in just one week, reaching a 12-year high at 4.6840%. Meanwhile, the 10-year real, inflation-adjusted yield has surged by 26 basis points to 4.50%, its highest level since 2009. This upward movement in yields is narrowing the deeply-inverted 2-to-10-year yield gap, which […]

Italy, plagued by a series of high-profile departures of major corporations relocating their listings and headquarters abroad, is making a bold move to reverse the trend. The Italian government is on the verge of approving a long-awaited package of measures aimed at revitalizing its capital market, catering to local businesses’ needs. The proposed measures include […]

Investors have poured a staggering $1 trillion into global money market funds in 2023, lured by the best yields available in years and growing uncertainty surrounding the US economy. This torrent of capital flowing into money market funds, primarily concentrated in the United States, sets these investment vehicles on a trajectory to receive record-breaking inflows […]

In a startling development, bond deals orchestrated by Credit Suisse and Bank of America Corp. linked to debt swaps for emerging-market issuers are facing renewed scrutiny. This comes after the International Capital Market Association (ICMA) issued fresh labeling guidelines, casting a shadow of doubt over their previous transactions. These bonds, sold over recent years to […]

In a pivotal turn of events, U.S. Treasury yields saw a sharp increase today as the Federal Reserve made a significant announcement, indicating its intention to implement yet another rate hike before the conclusion of 2023. This development propelled two key Treasury notes to levels not seen in years. The 2-year Treasury yield soared, marking […]

Deutsche Bank, one of the world’s leading financial institutions, has entered into a strategic partnership with Swiss cryptocurrency firm Taurus to offer custody services for cryptocurrencies and tokenized assets to institutional clients, according to an official statement released by Taurus on Thursday. This groundbreaking collaboration marks a significant milestone for Deutsche Bank, enabling the institution […]

In a prelude to the Federal Reserve’s imminent decision, financial markets witnessed a turbulent day, marked by declining stocks and surging bond yields. Heightened oil prices have fueled speculation that interest rates might remain elevated for an extended period to counter potential inflationary pressures. The S&P 500 index extended its September downturn, while the Nasdaq […]

Monzo, the $4.5 billion digital challenger bank, has entered the financial investment market with the launch of its new “Investments” feature. This move allows Monzo customers to invest in a selection of funds managed by the asset management giant, BlackRock. Monzo, known for its innovative banking solutions, is now in competition with established banks like […]

This year, credit hedge funds specializing in distressed debt are raking in substantial profits, thanks to a surge in borrowing costs that is hitting struggling companies. The reason behind this financial windfall is that central banks have been increasing interest rates, which has placed added pressure on smaller and riskier corporate borrowers. These companies have […]

In a remarkable surge driven by a roaring stock market and a rebound in property values, U.S. household wealth has soared to an all-time high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. The Federal Reserve’s quarterly snapshot of the financial health of households, businesses, and […]