Tobacco Stocks May Be Volatile But Remain Good Credit Risks
Tobacco stocks dropped sharply last week after Philip Morris reported declining sales volumes and disappointing results from recent investments in “healthier” nicotine delivery systems. Big
Tobacco stocks dropped sharply last week after Philip Morris reported declining sales volumes and disappointing results from recent investments in “healthier” nicotine delivery systems. Big
Companies increasingly face a legal requirement to disclose their Gender Pay Gap. According to the FT, the majority of large UK businesses pay more to
Bank-sourced data provides a broad cross section of forward looking default risk estimates. This dataset now also includes sufficient history to address a key question
The Spanish economy grew by 0.8% in Q1 2017, an annual rate of more than 3%, higher than recent data for Germany, France and the
The European Central Bank intends to cut the pace of quantitative easing from €80bn to €60bn from this month. This has hit some of Europe’s
With the election looming, French bonds have been under increasing scrutiny. The spread of French 10-year government bonds over the equivalent German bund reached a
In 2009 the UK’s Debt Management Office (DMO) oversaw record gilt issuance of £227 billion ($275 billion). At the time, Pimco’s Bill Gross described UK
Outstanding derivative contracts are being progressively transferred to Central Counterparties (“CCPs”). The CCP framework is intended to minimize global (i.e. systemic) risk as well as
On January 25th, the Dow Jones Industrial Average (the “Dow”) closed above 20,000 for the first time in its history. This milestone has made headlines
2017 is likely to be a year of fiscal expansion across a number of developed economies. Low interest rates are losing effectiveness in a growing
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