The GlobalCapital Podcast
A weekly podcast from GlobalCapital, the capital markets news service based in London and New York, discussing its most interesting stories from around the world.
Every Friday, listen to lively discussion about the very latest themes, the most innovative and important bond and equity issues and syndicated loans and much more from the capital markets.
This podcast is for anyone working in - or who wants to work in - the capital markets from investment bankers, to funding and treasury officials, investors, lawyers, analysts, NGOs and lobbyists, regulators and policy makers, and analysts.
GlobalCapital has been the "voice of the markets" for over 35 years, covering bond, loan, equity and securitisation markets around the world.
We cover everything from public sector bond issuers, financial institutions, emerging markets and investment grade corporate bonds and loans to securitisation (including CLOs and ABS), regulation and market news as well as industry gossip.
GlobalCapital is written for capital markets professionals but the podcast is of value to anyone with an interest in the industry, whether you have been working in it for as long as we have, or are looking to make your first career move into it.
This podcast is a commute-sized slice of everything that's most interesting from the world's capital markets with the aim of helping you sound smarter in your morning meeting, or making you stand out from the crowd of other hopefuls when kick-starting your career.
And don't forget, you can #AskGC anything you like and we will select the best questions to answer on the show.
Contact us at podcast@globalcapital.com
The GlobalCapital Podcast
Raving headlines, roaring markets
◆ Record Gilt and hot sterling bonds give the lie to ‘UK crisis’ chatter
◆ Emerging market bonds bask in rampant demand
◆ Qualms creep into public sector bonds as investors get choosy
In a week of sharp contrasts, parts of the bond market are enjoying exceptional conditions for issuance, while others are feeling uneasy. Sometimes both interpretations are given of the same market — like sterling bonds, which have been hammered in the press this week as about to spiral into another ‘Liz Truss moment’.
To sterling bond professionals, the media doom-mongering is like a lurid dream — it has scant connection with reality.
On the very day that caused most alarm, when the 30 year Gilt yield spiked to a 27 year high, the UK calmly issued its largest ever Gilt — and plenty of corporate and bank issuers made hay in the market too.
In the emerging markets of central and eastern Europe and the Middle East (CEEMEA), investor demand is red-blooded, and issuers are responding with waves of deals. The market is on course to break records, but borrowers can still trip up if they price too aggressively.
Supranational, sovereign and agency bonds are flecked with light and shadow. While deals like the UK’s and Italy’s have blown out and set new highs, the odd issuer amid the throng has found the market surprisingly hard going. The mood has cooled since August — what will happen next week when the French government is likely to fall?
