FT.com - Capital Markets News and Data
FT.com - Capital Markets News and Data


We hate the expression 'repression'
It is an ugly phrase, but 'financial repression' is the reason that many investors are buying government bonds for a return-free risk

Haven rush drives bond yields to lows
Possibility of Greek euro exit has rattled markets and caused investors to buy 'safer' assets, pushing UK and German borrowing costs to lows

Spain's pain becomes Europe's big fear
Fears about contagion from Greece and worries about the health of Spanish banks have shifted the focus of the crisis from Athens to Madrid

UK enjoys strong two-year gilt demand
'Mini-tender' sold at a yield of just 0.351 per cent and also saw a record level of demand while separately Spain's borrowing costs soared

NY Fed postpones $1.7bn CDO sale
Maiden Lane sale delayed to allow market time to digest 'new information' about the deals, which involve securities relating to AIG bailout

Spain's borrowing costs rise sharply
Concern over the future of the eurozone and worries over Spanish banks push borrowing costs higher in a ?2.5bn bond auction

Coty hires banks for initial public offering
The IPO is expected to value the cosmetics group at up to $8bn, with Bank of America Merrill Lynch and JPMorgan Chase providing advice

Real fear is not about Greek savers
Investors are worried that a Greek exit from the euro will start bank runs across the eurozone periphery, putting the global economy at risk

How JPMorgan's storm in a teapot grew
The bank's idea for hedging credit risk, which went spectacularly wrong, has become something of an epic tale for hedge fund managers

Rajoy warns Spain faces debt market exile
Spain's PM says the country is at 'serious risk' of a borrowing freeze or being forced to 'borrow at astronomical prices' without austerity measures

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