Europcar – Bond Auction Flop
Normally when a corporate credit defaults, the purchasers of Credit Default Swap (CDS) protection receive a payout to compensate them…
Dead Companies Walking?
Although there have been relatively few liquidations during the pandemic crisis, this can be attributed to forbearance and government supports.…
China and the US, The New Sleepwalkers?
A timely article from The Irish Times outlines a decidedly negative turn in geopolitics which is currently taking place. Diplomatic…
The Big Short 2.0
Like most Big Trades, the fundamental rules remain the same! Liquidity, timing & luck! As John Maynard Keynes allegedly said,…
ECB to Accept Junk Bonds as Collateral
The move is widely seen as the ECB taking a pre-emptive move before the rating agencies start to downgrade European…