We reveal why capital markets often barely flicker even when there is the sort of huge political disruption that took place in the UK this week, when prime minister Boris Johnson said he would resign following a series of scandals and a rebellion within his own government.Closer to capital markets, we take a look at the next leap forward in sustainability-linked bonds. Chile may have brought the first sovereign deal but Uruguay could be next. It has been considering issuing once since not long after the first ever version of the product arrived from Italian energy company Enel in September 2019. We explain why Uruguay’s bond could be such an important one for this nascent asset class and what the consequences could be for other sovereign issuers.We also see how a revival of an esoteric corner of the US securitisation market is helping power companies in the country increase their ESG spending and whether the same market could develop in Europe.