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.
Deutsche Asset and Wealth Management is pivoting its exchange-traded fund business away from derivatives-based replication strategies – a further sign that physical ETFs have gained the upper hand over synthetic vehicles in the eyes of investors.
Barclays is looking at ways of making contingent capital instruments more palatable to fixed-income investors, as analysts predict a broader client base will be needed to absorb the billions of euros-worth of CoCo securities that are expected to hit the market in the coming years.
Spreads may be at record tights, but credit practitioners across the industry reckon Europe still offers the best prospect for reaping returns in 2014. Markit’s iTraxx Crossover index – the bellwether for high-yield European credit – recently hit a six-year low of 312bp, while iTraxx Main, its investment-grade equivalent, has also plumbed the depths at 77bp.
- Reg cap swaps trades evolve
- Contingent capital conundrum
- Deutsche rejigs struggling credit team
- The rates trading conundrum
- Leverage ratio threatens collateral transformation
- CDS to be orphaned on Polkomtel buy-out
- Forward bonds boom on rate rise fears