Gone but not forgotten
ACA Capital’s spectacular collapse heralded the demise of the monoline business and scattered its employees into jobs right across the credit space

Making a case for pre-funded bonds
They may not be commonly issued but collateralised coupon bonds should be more attractive to investors than zero coupon bonds

Credit pays – in the long run
Bac Van Luu and Peiyi Yu crunch data going back to 1926 to figure out whether long term investors, such as pension funds, benefit from being overweight credit

Plotting the grim reaper’s path
Events such as the October 1987 crash show us that the credit market isn’t random. Actually, it’s all or nothing: business as usual or sudden death

New products for new markets
New products for new markets