Debt management
White paper: Sovereign debt contracts and the effects of recent case law on bondholders
This white paper deals with the implications of the case of NML Capital Ltd v Argentina. Although the decision applies specifically to sovereign debt contracts governed by New York law, it could have an impact on bondholders whose debt is not governed by…
Profile: Daniel Gros on political risk and Europe's debt crisis
Time for a European Monetary Fund
Market fragmentation "inevitable" if CPI-linked gilts issued, says DMO chief
Key question is to what extent fragmentation could affect liquidity of new instrument, says chief executive of the UK’s Debt Management Office
Last-minute US debt ceiling rise leaves world reeling
Debt ceiling deal will not restore investor confidence immediately; China still looking to diversify reserves away from dollar; credit rating agencies cautiously affirm top ratings
Pension funds urge US Congress to act fast on debt-ceiling deal
Pension funds and investment firms highlight inflation, interest rate and currency risks of US default in open letters to President Obama
Assessing the arguments against shorting
Assessing the arguments against shorting
Senegal $500m 10-year bond spread tightening shows appeal of Africa debt
Yield on new 2021 Senegal bond tightens over 100bp after issue; investors suggest there is room for further tightening
Greece will default, panellists say
Panellists at the Fathom Consulting Monetary Policy Forum say Greece will likely default on its debt
Greek budget cuts raise default concerns
Markets prepare for the worst as Athens unveils new tougher austerity measures; IMF managing director Dominique Strauss-Kahn says cuts are necessary
US still shows no signs of addressing debt mountain
America’s balancing act
UK DMO stresses need for consistency
Consistency rules
Firm action needed to deal with financially troubled eurozone
Europe needs to act
The EU’s problem is solvency, not liquidity, says Pimco’s El-Erian
The EU faces a tricky 2011 as it navigates excessive debt, but needs to address solvency issues rather than liquidity, says Pimco's CEO Mohamed El-Erian.
EFSF's Frankel: guarantees are "enough for the time being"
European leaders endorse EFSF model, as facility gears up for debut issuance of up to €5 billion
Irish woes may spread to other PIIGS
European Union action on Ireland’s bank debts points to fears over contagion spreading across peripheral Europe.
EU bolstering Club Med to fend off second banking crisis
EU help for Club Med nations is designed to give European banks enough time to minimise exposure to the region prior to debt restructurings, said analysts at a Fitch Ratings conference.
Euro debt crisis prompts questions over collateral
European financial markets have been turned upside down by the sovereign debt crisis, with eurozone government bonds no longer regarded as completely risk-free. As a result, dealers are more wary of the correlation inherent in collateral denominated in…
Asia Risk 15: Philip Combes, New Zealand Treasury
The New Zealand Debt Management Office (NZDMO) has managed both assets and liabilities on behalf of the New Zealand government. Here, deputy secretary to the New Zealand Treasury and head of the NZDMO, Philip Combes, explains how a prudent approach to…
Eurozone has two years to agree fiscal union, says DB Advisors
The viability of the Eurozone project continues to weigh on fixed income market, says chief investment officer of DB Advisors.
