Investing today: nowhere to hide
Partner Content: Alex Stanley from Ardea Investment Management suggests that investors have few places to hide amid a synchronised sell-off in both bonds and equities. However, there are catalysts that[…]
Treasury
Back to the future for the PWLB
The Public Works Loan Board is tightening its lending criteria to ensure that loans will be repaid by local government borrowers. But, asks Peter Findlay, shouldn’t it have been doing[…]
Bags of capacity – now to housing delivery
HRAs have been freed up and councils are starting to invest, but some remain cautious, writes Steve Partridge. He suggests that a minimum of £10bn of additional borrowing could be[…]
Rate rise represents ‘fastest increase in borrowing costs in 25 years’
Partner Content: CCLA Investment Management’s Robert Evans analyses the rationale for the Bank of England’s latest rise in the Official Bank Rate and assesses the likely outcome of the next[…]
In praise of the Liability Benchmark
Jackie Shute responds to recent criticisms of the framework used to plan the future borrowing requirements of a local authority. I’m not suggesting that this debate will have the same[…]
Room151 launches survey on IFRS 9 override and MRP impact
Room151 has launched a survey to gauge the sentiment in local government on two important issues: the IFRS 9 statutory override and the consultation on Minimum Revenue Provision (MRP). The[…]
Warrington’s credit rating downgraded by Moody’s
Warrington Borough Council has seen its credit rating downgraded by Moody’s Investors Service partly due to its high reliance on commercial income. Moody’s downgraded Warrington’s long-term issuer rating and senior[…]
Liability benchmark ‘should not be mandatory’
Treasury managers attending Room151’s latest Monthly Online Treasury Briefing (MOTB) have strongly indicated that the liability benchmark should be a voluntary rather than a mandatory tool. It is now mandatory[…]
What are bond markets telling us?
Partner Content: In early April the US Treasury yield curve briefly inverted, a traditional sign of an impending economic downturn. Aegon Asset Management’s Nick Edwardson discusses whether it will be[…]
Investors ‘potentially damaging housing business models’, MOTB attendees told
Investors looking for “cutting-edge, high-end returns” on social impact funds that target homelessness are “part of the problem” and not helping to address the affordable housing crisis, attendees at the[…]
