Investor Demand: Ermotti says tariff uncertainty took Spring out of investors’ step
Sergio Ermotti, group CEO at UBS, has said the usually positive investor sentiment in the Spring season was severely watered down by tariff uncertainty.
“The...
Insights & Analysis: SEC new datasets show 2024 was a boom year for ABS
New regulatory data published by the Securities and Exchange Commission’s (SEC) Division of Economic and Risk Analysis shows US asset-backed securities issuance almost doubling...
The Book: Global DCM deal values drop year-on-year
Global debt capital markets (DCM) deal values have dropped year-on-year over 2025 so far, falling below the five-year average, according to Dealogic data.
The US$3.1...
Origination: EU tops global bond issuance in March
The European Union saw the biggest increase in bond issuance globally in March, reaching US$30.62 billion.
The bulk of this came from three bond issuances...
Rules & Ratings: ‘Under review’ list shrinks at AM Best
Germania Farm Mutual Insurance Association is no longer categorised as ‘under review with negative implications’ by AM Best, and has been assigned a financial...
The Book: HP prices US$1 billion in senior notes, prepares for tariffs
HP Inc has priced US$1 billion aggregate principal in senior unsecured notes ahead of 25 April issuance.
Half the notes will be issued with 5.400%...
Origination: Mars issues US$26 billion to acquire Kellanova
Mars Inc has issued US$26 billion in senior notes in a private transaction to fund its acquisition of snacking company Kellanova, formerly Kellogg’s.
The offering...
Rules & Ratings: Italy in “strong position” to weather tariffs, S&P says
S&P Global Ratings has raised its unsolicited long-term foreign and local currency sovereign credit ratings for Italy to BBB+, with a stable outlook. Short-term...
Investor demand: China’s US$759bn Treasury holdings hang by a thread as tariff war escalates
A continued sell-off in Treasury bonds, exacerbated after a notably poor 3-year auction on Tuesday, 8 April, has sparked widespread speculation among market participants....
Insights & Analysis: Pricing freedom
The street is waiting anxiously for the announcement and impact of all the trade tariffs to be announced on 'Liberation Day’; the term the...
