Capital markets

A look at how how Walmart's SMR interacts with its make-whole call

CLOs issued in 2014 are accumulating cash.

But it's not as bad as you might think.

Stock and credit feedback loop intensifies at Casino owner

And the Whirlpool spins.

Bonds with higher ratings have significantly underperformed this year

Covenant Review is having none of it.

Cognitive dissonance trading special.

More like community ~busted~ ebitda, am I right??

Because who needs sales and marketing anyway?

Featuring a fun new metric called “community-adjusted EBITDA”.

There are signs of life in credit markets, and they may be hostile.

AT&T wants to exchange its April 22 deal deadline for a never-ending grace period.

Bond market manoeuvres suggest it doesn't expect to hit an April 22 merger deadline attached to $22bn of debt.

We can’t explain it, but maybe you can.

In this guest post, former banking lawyer and regulator Martin Lowy argues that the liquidity of open-ended fixed-income mutual funds needs tighter regulation while bond ETFs do not.

Step right up, hurry hurry, don't wait -- read about the newest bizarre bond provision here.

The concept of green finance already has implications far beyond the domain of capital markets.

Bankruptcies have been declining since 2011, says Deutsche.

We're not confident tax reform is good for corporate balance sheets.

There are signs of pressure in the market where big tech and other multinationals were big buyers.

A stronger legal underpinning for green bonds would be both a blessing and a curse for the nascent industry.

Splitting the profits from POCO would be a problem

In this guest post, Manmohan Singh of the International Monetary Fund and Phil Prince of Pine River Capital Management argue that the use of longer-term securities as collateral for short-term borrowing should affect how central bankers think about “money”. All views expressed are of the authors only and do not represent the opinions of the IMF or Pine River Capital.