I joined IFR as a 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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Forward inflation expectations dropped to new record lows last week, as concerns about economic growth and disinflationary pressures in Europe and China sparked a sell-off across global markets.
Greek government bonds endured one of their most torrid weeks since the country shaved €100bn off its debt pile back in March 2012, with 10-year yields jumping over 9% compared to just 5.53% as recently as September as global risk markets were rocked.
Deutsche Bank has significantly scaled back single-name credit default swap trading in Europe as it struggles to meet regulatory hurdles on leverage. It is a move that is symptomatic of a wider malaise in a market wallowing in low volumes and spiralling costs.