Despite massive fundraising plans, the stock is up 450% this year, valuing the company at about $90bn
Deflation fuels ‘inexorable’ slide in China’s long-term sovereign bond yields below Japan’s for the first time
The convergence of French yields with Greece’s is a reality check
Investors fear dispute over planned tax rises and spending cuts could topple Michel Barnier’s government
Also in this newsletter: Ireland goes to the polls
Alibaba and Ping An among corporates attracted to cheaper form of financing
Conservatives also target Vanguard and State Street in war on ‘woke capitalism’
Paris’s cost of borrowing relative to Germany reaches highest level since Eurozone crisis in 2012
Plus, Walmart becomes the biggest company to drop DEI commitments
Agreement with bondholders expected to bring two-year restructuring saga to a close
US bond yields drop as hedge fund manager nominated for top economic position
Joint venture for pipeline stakes is latest example of companies using private capital firms for balance sheet relief
Debt deals by Blackstone, Elliott and Vista Equity Partners point to a sea change in the market
A key indicator has fallen below zero for the first time as market braces for higher German borrowing
EM debt funds suffer outflows as hopes of rate cuts by developing nations fade
Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise
US central bank report pins blame for trading volatility partly on investors that had taken on too much debt
Canadian asset manager agrees to provide equity commitment if landlord cannot pay off bonds
Investors who had borrowed renminbi to buy sovereign debt hit by market sell-off
Not great, Bob
Lenders are on course to issue a record amount of synthetic risk transfers this year
It’s tough to negotiate a budget in public with a glitchy CMS
Central bank report sounds alarm on potential concerns over ‘sovereign debt sustainability’
Ken Griffin’s high-speed trading firm builds team in Paris and will start trading German Bunds
People aren’t as worried about bond market liquidity \o/
