Philip Wright - Associate Editor Fixed Income/Emerging Markets Philip Wright is an associate editor at IFR in charge of the fixed-income sector, across investment-grade, high-yield and emerging markets. He joined IFR in July 2000, having previously been on the banking side in a number of trading positions in the floating-rate note market, the most notable of which were five years at Girozentrale Vienna and four at Sakura Finance. He also has experience of portfolio management and broking in a City career that began in 1982.
- +44 (0) 20 7542 8144
The euro-denominated bond market has been proving an almost irresistible port of call for high-grade US companies of late. The number of such borrowers attracted to the sector has reached unprecedented levels, with low absolute coupons and tight spreads acting as a spur for US issuers to diversify funding avenues.
Germany and the Netherlands last week offered a glimpse of the dislocation caused by the ECB’s sovereign bond-buying in
Deutsche Bank has decided to pull out of the US and euro commercial paper market, citing a lack of economic return, according to an internal memo seen by IFR.