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Interviews several fixed income bankers concerning their expectations on the sectors in the euro debt market in 2005. Forecast on the performance of corporate bonds; Projection on the debt transactions of the public sector; Factors which may affect corporate bond issuance in 2005.

The article discusses the impact of mergers and acquisitions on the corporate bond market in Germany. Mergers and acquisitions has transformed the German corporate bond market into one of the most vibrant segments of European fixed income. More companies are refinancing acquisitions and funding pension liabilities with hybrid capital, although there is a danger that the instrument is being over-marketed.

The article offers information on the Maple bond market. The growth of the Maple bond market has been nothing short of astounding. From zero in 2003 to possibly C$25bn by the end of 2006, the market for foreign issuers targeting Canadian institutions in Canadian dollars has rapidly become an important part of not only the Canadian fixed income market but also the global non-core dollar sector.

The article reports on how Eurohypo's rarity lets its covered bond flourish as bear market hammers cédulas. The volatility in fixed income markets hit the Eu8.5bn of new covered bond issues in April 2006, and the Spanish cédulas market, already struggling under heavy supply, was worst affected.

Presents an update on the securities market as of September 5, 2003. Decision of UBS to turn itself into a charity; Estimated amount of salary earned by New York Stock Exchange Chairman Richard Grasso; Problems experienced by the fixed income business of Credit Suisse First Boston in New York.

The article reports that British firm BlueBay Asset Management was forced to close down its long-short emerging markets (EM) fund on November 27, 2008 after shedding 53% of its value. It says that the circumstance highlights how deleveraging and volatile credit spreads are savaging fixed income investments in risk markets. It also states that Simon Treacher has resigned as co-manager for BlueBay after a breach of internal valuation policy.

The article reports on the acquisition of the investment banking and equities businesses of Lehman Brothers in Europe and the Middle East by Japanese securities broker Nomura in September 2008. Nomura paid $200 million for the assets after Lehman was forced into bankruptcy. No decision has yet been taken about Lehman's European fixed income business, which employed about 600 people.

The article reports on the decision of Calyon to cut its structured credit business and some derivative lines as part of a move to scale the bank's activities back to its core businesses of structured finance, brokerage and fixed income. Some 500 jobs will be lost, divided almost equally between operations in France and internationally, though the French jobs will go through voluntary redundancies and internal mobility. Calyon expects to complete its international cuts by the end of 2008.

Reports on the move of Citigroup to restructure its fixed income businesses that results in the selection of Chad Leat as head of global credit markets business group. Objectives of the personnel changes at the firm; Significance of the promotion of Paul Young and John Purcell; Responsibilities of managing directors Peter Apostolicas and Peter Charles at the European syndicate business of Citigroup.

Reports on the resilience of the European fixed income markets despite the terrorist attacks in London, England on July 7, 2005. Indications of market volatility; Percentage of increase in the iTraxx Europe index of liquid credit default swaps; Impact of the bombings on the corporate primary market. INSET: Before blasts, GM brings first euro deal since downgrade,whil...

Discusses the decline in fixed income revenues of investment banking company Merrill Lynch as of July 23, 2004. Contributions of banker Stan O'Neal to the company; Divisions of the company that are improving; Background on Merrill Lynch.

Presents the winners of "Euroweek" periodical's Peer of the Year Awards for 2003, as voted by leading banks in Asian fixed income. HSBC, for best bank at overall debt capital raising in Asia; UBS, for most improved bank at overall debt capital raising in Asia; Merrill Lynch, for best lead manager of Asian bonds.

The article reports that Banque Morocaine du Commerce Extérieur (BMCE Bank) began investor meetings in November 2013 ahead of a debut Regulation S deal, the first-ever senior fixed income group (FIG) institutional bond in Morocco. It informs that Barclays, BMCE Capital, BNP Paribas and Citi are arranging the 500 million U.S. dollar, five-year bond. It also states that Moroccan debt has been hit hard in October 2013 and the 5.5 percent 2042 sovereign bonds are trading at 6.9 percent.é

The article reports that the restructuring process of financial services company Credit Suisse involved expense reduction plans and cutting jobs in its fixed income division because of disappointing revenues in the third quarter of 2013. Topics covered include the restructuring of Credit Suisse's rates business, details relating to the declining pre-tax profits and revenues in Credit Suisse's investment bank, and the status of Credit Suisse's equities business.

The article reports that rating agency Fitch Rating has announced that several fixed income investors in Europe have become interested in high yield bonds as their asset class for the third quarter of 2013.

The article reports on the establishment of a hybrid capital group by investment bank Royal Bank of Scotland despite a revamp of the bank. It mentions the purpose of the hybrid capital group is to enable the bank to focus on fixed income. It stresses that the bank decided to make an exit in capital markets and mergers and acquisitions advisory. A. J. Davidson, the head of the bank's hybrid capital group, offered his views about hybrid capital and its benefits.

The article reports improvement in financial performance of investment banking firm Crédit Agricole in the second quarter of 2013. In addition to the 14.2 percent increase in its pre-tax profits, the company managed to record growth in fixed income revenues. It compares performance of the fixed income business of the firm to French rival BNP Paribas. The decline in its revenues from financing activities is also noted.

The article reports on the sale by Swiss elevator firm Schindler of a bond exchangeable into Also Holding. The deal given Schindler a way to monetise non-core, illiquid stake. It was launched by sole bookrunner UBS with a coupon range of 0.375%-0.875%. It cites an ample demand for top quality credits from long-only convertible funds and hedge funds as shown by the National Bank of Abu Dhabi. Buyers include fixed income investors, private banks and wealth management accounts.

The article provides an overview of Crédit Agricole's covered bond deal. Bookrunners are confident that the demand for the deal could support a new benchmark. Crédit Agricole CIB head of fixed income, covered bond and asset-backed security (ABS) syndicate Vincent Hoarau notes that there was not any evidence that there was enough interest for a jumbo deal.

The article discusses the results of an Association for Financial Markets in Europe's (AFME) survey which examined the possible impact on liquidity from the Markets in Financial Instruments Directive (MiFID) II regulatory reforms. The survey showed that asset-backed securities (ABS) liquidity performed well compared to other fixed income products. About 39 percent of investors claimed that British government Gilts were less liquid.

The article reports that fixed income group (FIG) issuance took the lead in Swiss francs in January 2013. Senior unsecured deals come from several companies including Goldman Sachs, ANZ New Zealand, and NIBC Bank N.V. Credit Suisse and Deutsche Bank were the companies that priced the December 2016 bond worth 161 million U.S. dollars.

The article observes that the investment banking strategy of the Royal Bank of Scotland (RBS) since the January 2012 restructuring has been clearly defined. It informs that RBS will no longer do equities or merger & acquisition (M&A) and will focus on fixed income to get better access to clients for the products it is good at. The article also mentions that the bank sources debt financing for clients, protects that debt with foreign exchange (FX) and interest products and monitors the money.

The article announces the appointments of Thomas Saler and Gabrielle Balducci as fixed income specialists at KNG Securities and Francesco Revel-Sillamoni as a senior associate of Apax Partners MidMarket.

The article profiles Theodora Zemek, global head of fixed income at Axa Investment Managers. It looks at Zemek's career in fund management, her views about the predictive substance of forecasting, and her ability to command everything she involves herself in, from bond markets to cooking. Zemek believes that higher inflation will return, making nominal bonds unattractive.

The article reports that several executives at Royal Bank of Canada (RBC) have resigned after the bank paid bonuses on December 15, 2012 and the third and final annual installment of the 2009's mandatory deferred bonus. Those who resigned included European fixed income and currencies head John Greenslade, head of rates trading Diego Megia and global head of macro foreign exchange (FX) sales Natasha Brook-Walters. RBC claims that the resignations will have no impact on its operations.

The article announces that Alister Moss resigned from his post as head of fixed income rates sales in Asia at the bank Credit Suisse.

The article reports that global electronic fixed income trading platform BrokerTec and European fixed income trading venue MTS are launching a new daily index series. The index series will offer hard data to address divergence in secured funding costs across the eurozone. It will be launched in the fourth quarter of 2012.

The article reports on the performance of Citi's investment bank in the first quarter of 2012. The bank posted an 865 million U.S. dollars revenues in debt capital market (DCM), equity capital market (ECM) and advisory. Citi's revenue in fixed income trading also increased by 19 percent to 4.7 billion U.S. dollars.

The article reports on that decision of Royal Bank of Scotland (RBS) to cut its fixed income, currencies and commodities (FICC) team in Australia, which threatens close to 80 jobs.

The article reports that Royal Bank of Scotland (RBS) has launched a China desk in London, England after the city announced its ambitions to be an offshore renminbi centre. According to the bank, it aims at helping Chinese companies in expanding their business in the region and will offer them cash management services, transaction banking, and fixed income advice.

The article reports on the pre-tax loss of the investment banking division of Credit Suisse for the fourth quarter of 2011. The division posted a loss of 1.305 billion Swiss franc for the period. The company attributed the performance to a decline in fixed income sales and trading revenues. In addition, Credit Suisse announced a fall in debt underwriting revenues.

The article reports on the financial results of Bank of America (BofA) Merrill Lynch released in October 2011. During the third quarter, the pre-tax profit generated by BofA reached 7.4 billion dollars. The amount lost by BofA on private equity and strategic investments was 2.2 billion dollars. Also mentioned is a 21% drop in its equities sales and trading revenues excluding debit valuation adjustment (DVA) gains.

The article reports on the varied effect of investment banking and fixed income on the top five banks in the U.S. in the third quarter of 2011. The protection of JP Morgan and Citi against fixed income is said to be stronger due to their rates and currencies franchises. The overall pre-tax loss incurred by Goldman Sachs reached 730 million dollars. There was a decline in sales and trading revenues excluding debit valuation adjustment (DVA) gains posted by Bank of America (BofA) Merrill Lynch.

The article reports on the optimism that pervaded the senior fixed-income group (FIG) market on October 6, 2011, which came after a poor start when bankers complained that an ABN Amro follow up to a 1.5 billion euro market re-opening Deutsche Bank deal had stolen the momentum of the market. According to bankers, they hoped that discussions about European Union bank recapitalizations would result in action. The low level reached by the iTraxx senior financials index is also discussed.

The article reports on the decision of the Islamic finance house Kuveyt Türk Participation Bank to mandate Standard Chartered Bank, Liquidity Management Bank of Kuwait and HSBC to arrange several fixed income investor meetings, which will begin in Kuala Lumpur, Malaysia, on October 10, 2011.

The article reports on the decline in the profits of Credit Suisse during the second quarter of 2011. It states that the decline may be due to the weakness of fixed income trading performance and the strength of the Swiss franc. According to a bank representative, the strength of the currency minimized pre-tax income by approximately 348 million Swiss francs.

The article discusses the latest developments in the operation of several financial institutions as of July 2011. It cites the move by Goldman Sachs to reduce risk due to tough conditions for several fixed income products. JP Morgan and Citigroup registered more positive results in the second quarter of 2011. The financial results of Morgan Stanley and Bank of America are also examined.

The article reports on a decline in the pre-tax profits at the corporate and investment banking (CIB) division of Barclays during the first quarter of 2011. The decline's effect on the company's group profits and return on equity is described. Barclays Capital is named as the larger of the company's two CIB divisions, whose revenues from fixed income, currency and commodities (FICC) fell by 22 percent during the period. Higher profits from the bank's British division are shown to have offset losses from its European division.

The article reports on a decrease in the performance of the bank UBS' equity capital management (ECM) franchise and revenues from fixed income, currency and commodities (FICC) in April 2011. A 30 percent decline in the investment bank's pre-tax profits was reported on April 26, 2011 while overall revenues were said to have fallen by seven percent. Markets were also said to be more focused on indications of a turnaround in UBS' key wealth management franchise, where profits increased by 40 percent.

The article reports on the 400 million Euro tier two issue print from Dutch life insurer SRLEV on April 8, 2011 as it took advantage of the growth of the fixed income group (FIG) market and after raising a 600 million Euro order book. The 30-year non-call 10 deal was priced by the lead managers to yield nine percent. It is said that the SRLEV deal was comparable to the lower tier two notes from SNS Bank. The order book was dominated by British, Nordic and Dutch accounts that consisted of fund managers, hedge funds, private banks and retail investors.

The article reports on the return of smaller single-A European names in the senior fixed income group (FIG) market and the fear for a reversal due to widened stock indices and worries about the eurozone peripheral sovereign crisis. Dutch private bank Van Lanschot and Italian UBI Banca were among the banks that priced well-received new bond issues. European Union (EU) Commissioner Michel Barnier, meanwhile, stressed the need for bail-ins for bank creditors to be part of the resolution for the management of future bankruptcies.

A list of the top 10 bookrunners of fixed income group (FIG) and equity capital market (ECM) in Europe, the Middle East and Africa (EMEA) as of March 31, 2011 is presented, including Morgan Stanley, Deutsche Bank, and Bank of America Merrill Lynch.

The article provides information on the 750 million euro bond issued by KBC on March 9, 2011. According to the bookrunners, the issuer has been trying to re-establish itself in the fixed income market, which has printed a successful and well performing two year trade in February 2011. They add that the deal got a strong reception with orders worth 1.1 billion euros from more than 120 accounts. The credit rating and the maturity date of the deal are also presented.

The article reports on a survey of fixed income fund managers and their outlook for financial institutions group (FIG) borrowers conducted by Fitch Ratings. According to the survey, 34% said that they expected that fundamental credit conditions would deteriorate for European financials. Majority of respondents said that developed market sovereigns faced the greatest refinancing challenge over the coming 12 months.

The article reports on the financial performance of Goldman Sachs in 2010. For the said year, the bank posted a 35% drop in profits to 12.9 billion U.S. dollars. Lower client activity was cited as the reason for declines in equity underwriting, debt underwriting, merger and acquisition (M&A) and fixed income trading. The bank also stripped out client-driven trading into a new reporting line, the institutional client services division.

The article reports on the potential of the corporate bond market in Poland and its relationships with other banks. The initial public offering (IPO) of the Warsaw Stock Exchange raised 420 million U.S. dollars. Outsiders believe that investment opportunities in fixed income is the most attractive in the capital markets of Poland. Krzysztof Walenczak, under-secretary of state in the ministry of treasury, stated that the corporate sector has a debt of just 3-4% of gross domestic product (GDP) which he believes will grow the bond market.

The article reports that investors have reacted favorably to the note and bond auctions of four government debt management agencies in Europe, including Ireland, Spain, Italy and Germany. The National Treasury Management Agency of Ireland was able to raise 1.5 billion Euros with sought-after taps of its 4% Treasury bond due in 2014 and 5% issue due in 2020. According to a fixed income strategist of Unicredit Bank, the outcome contributed to the positive mood in fixed income. Germany was able to sold six billion Euros of bonds.

The article reports on the solid financial performance of Barclays PLC in the first half of 2010, which was unaffected by the 40 percent decline in the fixed income, currency and commodity income as well as other year-on-year drops in revenues at Barclays Capital (BarCap). It says that the company posted a 44 percent increase on pre-tax profit. However, the author adds that the income of its FICC division dropped due to lower contributions from commodities and rates. The income of BarCap for the equities and prime services business is also discussed.

The article announces the appointment by Daiwa Capital Markets of Jung Insuk as head of fixed income for Korea and Ajay Marwaha as head of fixed income for India, including information on the top bookrunners of U.S. dollar-denominated Asia Pacific bonds.

The article reports on the 2010 second quarter fiscal performance of Goldman Sachs. Net earning for the quarter is 613 million U.S. dollars which was affected by an industry-wide slowdown in capital market activities, off-charges of 600 million U.S. dollars for the British bonus tax and 550 million U.S. dollars for the U.S. Securities and Exchange Commission (SEC) settlement. Stock prices fell due to steep decline in fixed income, currency and commodities and investment banking which disappointed market onlookers.