New AT1 Bond issue from UBS since Credit Suisse collapse📌 The much-anticipated AT1 bonds will be sold by UBS and it will be the first time since CS’ write-down of about USD 17 billion debt. According to a person informed about the deal, there should be two tranches of...

Is the Fed done with hikes?📌 On Wednesday, Fed Chair Jerome Powell hinted that the central bank might be done with its ultra-aggressive tightening policy as it kept rates stable in the range of 5.25%-5.50% for two meetings in a row. He also stated that slowing down...

Update on ECB monetary policy📍 As expected, on Thursday, the ECB left interest rates on hold for the first time since June 2022 regardless of its view about a long-lasting high inflation environment. According to Lagarde, further hikes were not discussed during the...

Lower economic growth IS needed to reduce inflation-      Despite recent signs of decreasing inflation, Federal Reserve Chairman Jerome Powell stated on Thursday that the central bank will remain "resolute" in its commitment to its 2% target. Powell avoided committing...

Soft landing at risk with high long-term interest rates 📍 The Federal Reserve may be jeopardizing the economy's hoped-for soft landing by tolerating a rise in long-term interest rates to levels not seen since 2007. The jump raises the risk of a financial meltdown...

IG Corps turn to Convertible Bonds to lower financing costs 📍 A market that was generally intended for companies with below-investment-grade ratings is now also opening up to IG issuers. It is the case for convertible bonds, that can be exchanged with common stocks of...

ECB raises interest rates and the Euro keeps falling 📌 On Thursday, the ECB raised interest rates for the tenth time in a row, signaling a shift in strategy toward maintaining rates high in order to keep inflation at bay. While analysts and investors currently...

Apple and Asian suppliers sink on China iPhone restrictions 📌 According to media reports, Beijing instructed central government employees to refrain from using iPhones for official purposes, and state-owned businesses and government agencies were also considering...

Powell's Jackson Hole Speech: Patience Urged Amidst Inflation Concerns 📌 On the previous Friday, Jerome Powell, the Chair of the Federal Reserve, delivered a speech during the annual economic policy conference held in Jackson Hole, Wyoming. The highly awaited address...