money market
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We brought you reports from Bloomberg earlier that the pound could slump as much as 8% – and now we have some commentary from the trading floor about what is anticipated. As markets opened this morning, the pound headed towards the $1.21 mark, the lowest level since November 2023. But Tony Redondo, founder at Cosmos…
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Will the market turbulence of last week continue? Judging by market data this morning, it’s a yes. The original cause for concern in the first full week of January was government borrowing costs, as measured by the effective interest rate on that borrowing, the gilt yield, which reached highs not seen in decades. Both the…
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Uber Technologies Inc.’s insatiable appetite for capital is driving it toward the market for high-yield debt. Image File: Uber. The ride-hailing company is seeking to raise $1 billion to $2 billion in a leveraged loan, a person familiar with the matter told Bloomberg, reports confirm. Uber is working with Morgan Stanley and Barclays Plc on…
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