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ORIGINATION

War bonds drove 2025 supranational issuance; KfW hits ground running

War bonds drove 2025 supranational issuance; KfW hits ground running

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The European Union was the largest supranational issuer in 2025, with US$193.3 billion added to its debt pile over the year, largely driven by the conflict in Ukraine. European institutions move into 2026 with big...

RATINGS & ANALYSIS

UBS AM: Fixed income is starting to price better growth outcomes

UBS AM: Fixed income is starting to price better growth outcomes

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By Evan Brown and Meena Bassily of UBS Asset Management Consensus growth forecasts for the US and other advanced economies have been repeatedly revised higher since Liberation Day for both 2025 and 2026. We still think...

INVESTOR DEMAND

Middle East contended by European banks despite US’s EMEA dominance

Middle East contended by European banks despite US’s EMEA dominance

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Dealogic data shows US investment banks have entrenched their dominance across financing in Europe, Middle East and Africa (EMEA). The latest rankings for the regions holding roughly 29% of all investment‑banking fees in EMEA....

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