Libby Cherry
@LibbyCherry98
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Distressed debt and special situations @business | used to do coins | Views my own [email protected]
London, England
Joined January 2017
first time in edinburgh for fringe and i absolutely love it✨ watched pleading stupidity and struggled to contain my laughter because it was honestly so funny (a 10/10 rec from @LibbyCherry98)
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NEW: The latest in the twists and turns of the SBB tale. Bondholders are demanding sweeping changes by the troubled Swedish landlord as it struggles to find ways to raise funds. With @gmorpurgo
https://t.co/AlRiAhv31H via @markets
bloomberg.com
SBB, the embattled landlord at the center of Sweden’s property crisis, received demands from a group of bondholders to make sweeping changes, in an escalation of tensions over efforts to close a...
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NEW: Pimco has filed a suit against Finma and is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse bonds https://t.co/4nIHyBxOLz via @markets
bloomberg.com
Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following...
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European governments have so far set aside a combined €159 billion to underwrite loans for energy companies Many traders have made record profits during the energy crisis and have borrowed a ton of cash already So why do they need more? (1/4) https://t.co/yuNoMP6Hgl
bloomberg.com
Europe’s nations agreed to take emergency measures to ease the liquidity strain in energy markets as billions of euros are tied up to secure trades and company debt soars ahead of a potentially...
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the bloomberg @markets team may have won second place at the @FTAlphaville quiz, but we got all the chart questions right and *that’s what matters*
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One number that is in there is £65 billion, the amount the BOE *signalled* it was prepared to spend on bond purchases by Oct. 14 if necessary. To reiterate, the actual intervention has only been £3.6 billion so far, and the final amount is likely to be well short of £65b
£161 billion, $1.0350 and other numbers that tell the story of a remarkable week. Great stuff from the brilliant @fergalob
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Liz Truss has been prime minister for less than 30 days. Britain’s self-inflicted financial crisis — years in the making — is now coming to a boil -- > from @PhilAldrick @LibbyCherry98 & @_Davidgoodman for @bpolitics
https://t.co/ZdB5NjVJ9s via @business
bloomberg.com
The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.
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Incredible moves in UK markets. Here's a highlight reel: Just a day after the biggest rise in UK long-term yields on record comes the biggest fall after a huge Bank of England intervention. Hard to capture scale of swing in one chart but here's my effort: https://t.co/EWSvxrT6M6
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But at a guess, the moron risk premium has now been priced in. I guess I don't see the mechanism for a continuing sterling crisis. What am I missing? 10/
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Woah
Liz Truss’ government is set to fix the price of business energy this winter to roughly the price of households — meaning a ~50% cut for many firms who’ve signed contracts recently Scoop + further details w/@elashton
https://t.co/vUaGdIBVzi
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Remarkable that German two-year yields barely reacted to the ECB's historic 75-basis-point hike... Only to soar as soon as Lagarde mentioned there would be a statement about government remuneration. Financial plumbing matters! @StevenArons @LibbyCherry98
https://t.co/lOcsvn5BLZ
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One of the next big questions about Russia defaulting on its debts; how will the swaps be settled? Piece here from last week with @gmorpurgo, @DanielPFlatley, @LibbyCherry98
https://t.co/sJJp3KxC07 via @markets
bloomberg.com
A panel of 13 banks and asset managers asked the US Treasury to allow trading in Russian assets temporarily, so that investors who wagered on Moscow defaulting can be paid what they’re owed.
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How Lagarde galvanized colleagues to quell a nascent bond crisis in the periphery -- from a London hotel basement. Via @jrandow
bloomberg.com
It was while sitting apparently alone in a London hotel basement that Christine Lagarde engineered a fix to the euro zone’s most alarming debt turmoil since the pandemic struck.
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New w/ @LibbyCherry98: the UK’s Crest settlement system went down today, triggering the Bank of England’s fallback plan to avoid the nation’s financial plumbing getting clogged up. Euroclear is working with the BOE to get it back up for Monday:
news.bloomberglaw.com
The UK’s Crest financial markets settlement system went down on Friday, forcing it to halt business for the rest of the day.
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OK but I actually want a @TheTerminal-shaped wedding cake now
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sick piece by @vizcainomariae and @symmaki on the showdown looming for Russia bondholders at the end of May
bloomberg.com
Investors in Russia’s sovereign bonds are looking further down the horizon as Vladimir Putin’s government navigates the fallout of international sanctions in order to stave off default.
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