Warner Bros: fright night for bondholders  Warner Bros: fright night for bondholders 

The regulation on the voluntary EU Green Bond Standard has been in effect since the 21 of December 2024, opening the door to the first EU Green Bonds (EuGBs) to be issued at the beginning of 2025. European Green Bonds are often referred to as the “gold standard” in environmental project financing frameworks. This label ensures that 100% of the net proceeds from EuGBs are invested in economic activities aligned with the EU taxonomy for sustainable activities.

Is there a relationship between the price of gold and bonds? Most vigilantes would agree that there is some correlation based on inflation, with bond yields and the price of gold rising when inflation is on the way up, and vice versa. Most “goldbugs” would probably agree with this assessment. They would say that the metal was a repository of long-term value and was an effective medium for protecting purchasing power. The late Julian Baring was the man with the golden fund1. He presented the…

Good Friday. 7:30 – Woke up to my phone beeping at me: a text from Evri telling me that the cat food delivery would arrive later that morning. Delivery businesses like Evri that serve the domestic UK market should only be marginally impacted by Trump tariffs. Hence, when its 8.125% 2031 bonds were down 3 points in early April, it was a good opportunity to pick up exposure…

In The Hitchhikers Guide to the Galaxy, a device known as the Infinite Improbability Drive, consisting of some complicated electronics suspended in a cup of hot tea, enabled instantaneous travel across the universe.

Many governments worldwide face increasing scrutiny over their fiscal affairs, and the UK is no exception. As a result, government cost-saving measures have understandably become a key focus. This blog aims to highlight two notable areas of inefficiency within the gilt market.

It’s only been two months since he took office, but Trump’s policy agenda has taken the world by storm. The new US administration has upended a lot of the norms, standards, institutions, alliances, and indeed most rules of engagement, that we have come to take for granted. The speed, breadth and scale of the attempt to re-orient America’s institutional architecture is unprecedented. Whether intended to be strategic or not, such changeability in policy frameworks is uncommon for developed markets. History would suggest that if the…