Normally when a corporate credit defaults, the purchasers of Credit Default Swap (CDS) protection receive a payout to compensate them for losses. In the case of Europcar, some holders of…

Although there have been relatively few liquidations during the pandemic crisis, this can be attributed to forbearance and government supports. Given the unprecedented drop in company revenues and the high…

A timely article from The Irish Times outlines a decidedly negative turn in geopolitics which is currently taking place. Diplomatic and military sabre-rattling on the Chinese side is countered by…

Like most Big Trades, the fundamental rules remain the same! Liquidity, timing & luck! As John Maynard Keynes allegedly said, “Markets can stay irrational longer than you can stay solvent.”…

The move is widely seen as the ECB taking a pre-emptive move before the rating agencies start to downgrade European sovereign debt. Investors are concerned that Standard & Poor’s scheduled…