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25.10.26 - 13:18
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Interest rates unlikely to reach 4.75% by next summer, say City economists (The Guardian)
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Experts say Bank of England unlikely to increase rates by full percentage point – and could lower them by end of 2027Financial markets are wrong to predict the Bank of England will raise UK interest rates by a full percentage point or more by next summer, City economists believe.According to market-implied interest rate expectations, the Bank is likely to raise interest rates at least four times over the next year, lifting the bank rate from 3.75% today to 4.75% by the end of July, and possibly to 5% – meaning five rises – by December 2027. Continue reading......
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24.10.26 - 23:12
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JetBlue Creditors Call In Restructuring Advisers As Stock, Bonds Crater (ZeroHedge)
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JetBlue Creditors Call In Restructuring Advisers As Stock, Bonds Crater
A federal judge blocked JetBlue Airways' $3.8 billion takeover of Spirit Airlines during the Biden administration to protect consumers. That supposedly brilliant decision is now looking increasingly disastrous for both airlines and the passengers it was meant to protect.
First, Spirit Aviation shuttered all operations earlier this year, stunning travelers with the abrupt move after 34 years of offering some of the most deeply discounted fares. Now, JetBlue could be on a similar trajectory, as the carrier's shares and junk bonds have cratered over the last several months.
Bloomberg News reported late Friday that JetBlue's creditors are organizing with restructuring advisers as the budget airline grapples with cash burn and high jet fuel prices.
The report centers on a group of creditors, including holders of $2 billion in bonds due in 2031 and a $742 million first-lien loan, who are working with PJT Partners and Akin Gum...
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24.10.26 - 19:06
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Embracing the Bond Market: Masters in Business with Robin Wigglesworth (Bloomberg)
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Barry speaks with Robin Wigglesworth, editor of Financial Times' Alphaville blog and author of the new book 'A Fabulous Debt: The Epic Story of How Bonds Built the Modern World'. They discuss the bond market as the engine of the global economy, why the 30-year mortgage is "a miracle of the modern world," and when we should actually start worrying about US debt. (Source: Bloomberg)...
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23.10.26 - 22:54
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AI Trade Stumbles Again as Investors Rediscover Treasury Haven (Bloomberg)
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According to the president of Blackstone Inc., there's no bubble in artificial intelligence. Treasury Secretary Scott Bessent isn't seeing a “systemic problem” in the boom. But as hard as Wall Street brass works to tamp down concerns around the space, markets are refusing to be calmed....
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