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Capital Markets News and Data - FT.com

Capital markets news from the Financial Times, with the latest capital market prices and investor analysis on FT.com

Brokers face new threat in high-yield trading
A new electronic high-yield bond platform, owned by a small independent company called Vega-Chi, aims to cut out the banking middleman
European companies face uncertain future
Lenders appear to be becoming less amenable to extending company loans when they hit a sticky patch, which could see a surge in corporate failures
Record global sales of junk bonds
Junk bond issuance totalled a record $19.6bn last week, including a sizeable chunk of debt that European companies sold in the US
New York Fed weighs fresh securities auction
Decision due in days on whether to sell bundled mortgage securities acquired during the AIG bail-out after successful Maiden Lane sale
ECB tonic buys time for eurozone
The ECB’s longer-term financing operations have bought time for the region, but investors and strategists remain well aware that the day of reckoning still looms
Institutions warm to leveraged and inverse funds
Interest among institutional investors is growing for leveraged and inverse ETFs
Risky debt use on repo market hits 2008 levels
The use of lower-rated debt in a key US funding market has returned to pre-crisis levels, fuelling fears that the so-called shadow banking system is becoming riskier
Africa – a resilient frontier amid euro turmoil
Debt issuance by African countries and companies outside the northern Arab states hit a record $12.4bn last year and demand is rising
Madrid’s borrowing costs fall sharply
Spain added to its recent string of strongly subscribed debt sales on Thursday as its borrowing costs continued to ease
Record-breaking start to 2012 for Asian bonds
Investment-grade Asian companies outside Japan issue $5.76bn of debt, by far the biggest total ever seen in January