I joined IFR as reporter from Risk magazine at the beginning of 2011, covering derivatives across all asset classes. This has resulted in scoops on a wide range of subjects such as CDS, Basel capital rules and fallout from the Eurozone crisis. In my two and a half years at Risk I wrote a series of cover stories, most notably on dealers over-hauling valuation of derivatives portfolios.
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Overnight interest rates in the eurozone could remain in negative territory for the foreseeable future, market strategists say, after the euro overnight index average (Eonia) clocked in below 0% for only the second time in its history yesterday.
Following years in the doldrums, euro inflation swap markets suddenly find themselves centre stage ahead of the European Central Bank’s meeting this week after Mario Draghi cited the five-year/five-year forward as the metric the central bank uses to define medium-term inflation in the currency bloc.
Holders of Argentina CDS protection are likely to receive significantly lower payouts than they expected after the ISDA Determinations Committee decided to include two yen-denominated bond issues in the list of securities deliverable into the auction.