Debt

A cagey US Federal Reserve and unfinished business in Greece will likely continue to unsettle the credit markets, but Australian government bonds may offer one route to mitigate risk, and select opportunities exist in countries such as Cyprus and India, according to Ariel Bezalel, manager of the Jupiter Dynamic Bond SICAV fund.

According to Mark Burgess, Chief Investment Officer EMOA and Head of Equity market at Columbia Threadneedle Investments, the European earnings outlook does not look immediately compromised by events in Greece, although this will depend upon the impact on consumer and business confidence and the credit channel remaining open for creditworthy borrowers in Southern Europe...

According to Rory Bateman,head of european equities at Schroders, volatility in markets is likely to continue for an extended period until the ramifications of a potential Greek exit from the euro are fully understood. QE and current valuations could provide some downside protection for European equities...

IFC, a member of the World Bank Group, introduced an innovative financial instrument to expand the availability of Turkish lira financing, becoming the first multilateral institution to issue lira-denominated discount notes.

ING announced today it will exchange the second tranche of EUR 337.5 million of mandatory exchangeable subordinated notes into 13.6 million NN Group ordinary shares.