Liquidity Versus Solvency
The ECB got it in the neck for not going far enough quick enough. This despite some pretty powerful measures to support the banking sector.
US High Yield Landscape Transformed in April
After a dismal March, fraught with downgrades and losses, April finished strong and with positive returns. Whereas March saw five deals totaling just over $4bn, April was a complete turnaround, with 56 deals totaling $33.1bn priced.
Asia Credit Insight: Primary US$ Activity Bounces Back in April
The APAC primary US$ market registered US$23.735bn of issuance in April courtesy of 24 individual issuers across 33 separate tranches, marking a sharp bounce-back from March 2020's multi-month low.
Brazil's Political Crisis Compounds Risks to Economic Reform Agenda
The resignation of Brazilian Justice Minister Sergio Moro has triggered the single most important crisis to date for President Bolsonaro's administration.