Banco Santander, BBVA and Deutsche Bank are working on multiple significant risk transfers, testing the resilience of booming demand for the high-yield trade as threats to the global economy grow
Banco BPM indicated skepticism toward the takeover offer it received from rival Banca Monte dei Paschi di Siena, saying that the price offered was pretty much the same as its market valuation
Jim Bianco (@biancoresearch) and Ed Yardeni (@yardeni) say Treasury yields at 2002-era highs aren’t a debt panic.
They argue yields are simply catching up with 5%-6% nominal GDP growth rather than signaling fiscal distress.
Jim Bianco, a Wall Street veteran and longtime market watcher, is turning bullish on US Treasuries for the first time in six years after benchmark yields surged to two-decade highs, creating an enticing entry point