Next year’s Biglaw summer associates are getting paid to work for someone else

Europe IG Wrap — Financials turn to other currencies, covereds flourish

Asia weekly — Issuers rush to market ahead of FIFA

LatAm Weekly — Mubadala moves in on Argentina

Excess Spread — Barcelona ahoy!

The European market is packing up its deck shoes and linens for a few days of cerveza, tapas and structured finance at FT Live’s Global ABS 2026, the 30-year anniversary of the conference. 9fin will be well represented — stop by our booth (grab a sangria from 4pm Tuesday).

US IG Wrap — Credit and equity collide, investors do a double-take on BDCs

QVC Group — potential upside for preferred shareholders

QVC Group (QVCG) filed what was ostensibly supposed to be an expedited Chapter 11 on 16 April in the US Bankruptcy Court for the Southern District of Texas.