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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“Buy the rumour, sell the fact” goes the old market adage. But for anyone basing their trading strategy on the machinations of the European Central Bank, these are highly confusing times.
The fashion for issuers to demonstrate their socially responsible credentials showed no sign of fading last week, with investors treated to a new Green bond transaction on each of the first three days, and news of (at least) two more waiting in the wings.
IFR’s Fixed Income Editor Philip Wright tracks the market impact of the Bond King’s departure.