Tokenised real-world assets have passed US$39 billion, yet non-US government debt is barely US$1 billion of it. With the European Central Bank's Pontes now live, the opportunity for new issuers is wide open.

Guinea is raising GNF 2.5 trillion locally at 11% for its Simandou 2040 programme, and Nigeria has cut rates by 350 basis points. Frontier issuers are on the move, and global demand is waiting.

High-yield spreads near 312 basis points look calm, but the Bank for International Settlements is flagging artificial intelligence debt and jobs data is softening. What it means for issuers weighing their timing.

SoftBank's record US$11.1 billion high-yield deal shows investor appetite is deep. The catch: the biggest names take the lion's share. Here is how mid-sized issuers can claim their slice.

With the United States 10-year yield holding above 5.3% and central banks from Sydney to Tokyo tightening, issuers who wait for cheaper money may wait a long time. Here is how smart borrowers are adapting.