Sunday, 18 March 2018
Locked out of the international capital markets for 15 years, Argentina made a triumphant return in 2016, propelled by a new government intent on putting the country back in business. The Argentine sovereign is IFR’s Americas Issuer of the Year.
In a year that saw all kinds of shocks and surprises, one bank consistently stood out from the rest by adeptly navigating the market’s changing winds and repeatedly delivering trend-setting transactions. Citigroup is IFR’s US Investment-Grade Bond House of the Year.
Banks around the globe spent much of the past year trying to reduce the cost of complying with tougher new capital requirements.
It was a mixed year for Latin America’s debt markets – one of record issuance and ongoing crises. One bank positioned itself nearly perfectly to take advantage of the circumstances and beat its competitors. JP Morgan is IFR’s Latin America Bond House of the Year.
Despite a lack of fine details, new CMBS risk retention rules that come into play in the US at the end of the year are likely to increase issuance.
The fall of former president Dilma Rousseff stirred hopes that Brazil can finally move on from a painful period of spiralling public debt and rampant corruption. There is a long and daunting list of reforms on the new president’s to-do list, but investors seem confident he is on the right track.
Changes to the regulation of US money market funds see non-US banks scramble to replace money market liquidity
Rock-bottom interest rates, quantitative easing and negative yields have turned the fixed-income investor universe upside down. How do fund managers make sense of these changes and how are they positioning their portfolios in response?
The hard copy of the 2016 IFR Americas Review of the Year is sent to all IFR magazine subscribers, but non-subscribers can view a full digital version for free by clicking here.
If you would like to order the 2016 IFR Review of the Year in hard copy, please contact firstname.lastname@example.org.
Markets are more agnostic about elections than the public at large. Even as half (or more) of America was gnashing its teeth over the election of the country’s first non-politician president since Eisenhower, the “Trump Rally” was in full flight.
The IFR Awards honour achievement in capital markets and are celebrated at the annual IFR Awards Dinner.
This year’s ceremony will be held on January 24 2017 once again at Grosvenor House in London. For full details, visit www.ifrawards.com.
The IFR Asia Awards honour achievement in Asia’s capital markets. The Awards will be presented at the 2016 IFR Asia Awards Dinner, taking place on February 21 2017 at the Four Seasons Hotel in Hong Kong. For full details, visit www.ifrasiaawards.com.