If Thames Water is preparing for “huge” debt restructuring, is Southern Water going to be next?
Lloyd Harris, Premier Miton’s Head of Fixed Income, considers potential members of “the inauspicious club of over-levered UK water companies to heap losses on bondholders”.
50bps and the bond curve…
The Federal Reserve opened their rate cutting cycle with a sizeable 50bps at the last meeting, which before the planted articles in the FT and the WSJ, had been deemed a relatively remote possibility (after the plants far less so!).
