The DESK’s Risk & Return is the single channel for issuers and investors to access data, research, legal advice and credit rating information to support issuance and investment in debt via the primary market.
INSIGHTS & ANALYSIS
Insights: US policy shift could reduce central bank cuts
Trump’s inward-oriented US policies will drive a rise in inflation, put upward pressure on interest rates and prevent central banks from making aggressive cuts, Man Group predicts.
The group also expects to see spreads widen...
ORIGINATION
Origination: Issuer profile – Marsh & McLennan Cos Inc
In October, insurance and risk specialist, Marsh & McLennan, priced US$7.25 billion of senior notes, in part to support its acquisition of McGriff, an insurance broking and risk management service provider in the United...
INVESTOR DEMAND
Investor Demand: Fixed income securities holdings fall in November; equities spike
Fixed income securities holdings fell by 80 basis points in November, according to State Street Holdings Indicators.
November results show that long-term investor allocations to equities have risen to 53.8%, the highest since early 2008....
RULES & RATINGS
ESMA “largely maintains approach” on MiFIR Review bond transparency
In the latest publication under the MiFIR Review, ESMA has issued its final report on bond transparency and reasonable commercial basis.
Changes have been made to Level 2 provisions on transparency requirements for bonds, structured...
THE BOOK
ICMA releases DLT bond guidance
The International Capital Markets Association (ICMA) has released the latest reference guidance on distributed ledger technology (DLT)-based debt securities.
The paper has been developed in reaction to the growing interest in tokenised and DLT-based bonds....
This page is dedicated to research articles on primary fixed income markets. For further information please contact Dan Barnes.
