Gordon Harding

 



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1
Gilt supply update: back to a world of issuance exceeding buybacks
In last week's Pre-Budget report, UK Chancellor Alistair Darling announced that gilt issuance for the current financial year would total £225.1bn - a shocking and record figure, although not far off the £220bn that was originally planned in ... 		15-Dec-2009
2
Deflation is spreading
Back in April, Mike wrote about the US entering deflation for the first time in half a century, noting a number of other countries that were also in deflation (see here). Since then, we've seen several more follow - the list now reads Ireland, Thailand, ... 		21-Aug-2009
3
Bradford & Bingley skip bond coupons - is this legal?
We've had a question from a reader of this blog about yesterday's announcement that Bradford & Bingley will be skipping coupon payments on some of its bonds and whether this constitutes an event of default. Actually it doesn't, and why not? Well, ... 		28-May-2009