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.
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While the bond markets have not been entirely closed by events in Greece, there has been precious little new issuance in spite of a pipeline that has been continuing to grow.
Thomson Reuters’ review of the first half of 2015 in the debt capital markets showed overall global debt capital markets activity dropped 12% from the same period last year.
If treasurers at US firms flinched at the sight of continued US Treasury volatility and persistent uncertainty in the Bund market, they certainly did not show it last week, unlike their European counterparts.