Wobbles in the bond market suggest investors think the US central bank turned too dovish too soon
In preparing her inaugural Budget, she would do well to ignore advice from market sages
Be not afeard
Keeping it local
Countries exiting restructurings have lower ratings than in the past and may struggle to access capital
The neutral ‘R-star’ level will be higher but the more notable change will be a steepening of the bond yield curve
Despite efforts to lower deficit, fund managers say spreads on France’s debt likely to remain elevated
Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off
Why only help when bankers are in trouble?
Bond traders brace for inflation data on Thursday after jobs figures smashed expectations
K pops
Gap between yields on gilts and German bonds has reached widest in more than a year ahead of Budget
Voice 🤜🤛 electronic
Deal to reduce Accra’s debt load by nearly $5bn could pave way for return to markets
Take-up of the technology faces significant obstacles and disrupting the UK’s status quo will be a struggle
Report also identifies geopolitical turmoil and cyber attacks as major risks to UK financial stability
Asian Infrastructure Investment Bank will provide guarantees and support for developing nations’ ‘panda bonds’
Markets on edge ahead of overhaul of fiscal rules that could result in tens of billions of pounds of extra borrowing capacity
Investors strongly back Ankara’s plans to switch short-term debt for longer-term notes
Long-term debt and political concerns might lead to more volatility but this is outweighed by the unique financial status of the US
Ankara hires banks for ‘switch tender’ deal to exchange short-debt for longer-term note
CD players
Gap between two countries’ 10-year bond yields falls to lowest level since 2008
Spanish Treasury warns that shocks such as droughts or hurricanes could accelerate debt crises
Bank of England’s credibility under fire from Chicago in battle with New York
