360b / Shutterstock.com 360b / Shutterstock.com The recent death of David Bowie brought an enormous wave of eulogies focused on his revolutionary career in rock music. Many of the laudatory discussions concerning Bowie's countless musical and performance innovations mentioned his...

The climate summit in Paris has shown that global big business is now also on board with the transition to a low-carbon economy. However, the most promising instruments in finance for promoting green investing, particularly green bonds, have been around...

This Great Graphic was composed on Bloomberg.  It shows two time series.  The yellow line shows the premium the US pays over Germany for two-year money.  The white line shows the premium the US pays over Japan for two-year money. ...

US 10-year Treasury yield has risen 30 bp since Monday's low water mark.  There are a number of reports that are trying to link the back up in US yields to sales by China. The Chinese sales, in turn, link...

Several recent developments in the fixed income space are distinct from the prospect of higher rates in the US and UK, or the ongoing purchases by the BOJ, ECB, and Riksbank.  Corporates have raised 157 bln euros by issuing investment...

After years of smooth sailing through calm market conditions, bond markets in East Asia are navigating through stormier weather. Data from the supplement to the 2015 Asian Development Outlook released this week shows that weaker growth in the United States...

What are Bonds and why are They Important? Bonds are one of the most important but misunderstood parts of the financial industry, partly because there are so many different types that serve different purposes. Bonds have received extra attention since...

Previously there was a good fit between the direction of German bund yields and the euro as this great graphic from Bloomberg illustrates.  However, recently the relationship appears to be loosening.  Consider that over the past week, the 10-year bund...

The financial media's look at yesterday's Treasury report on capital flows is myopic.  The key take away, they say, is that for the first time since the onset of the global financial crisis, Japanese investors hold more Treasuries than Chinese...

All that is solid is melting into the air, or that is how it feels since several central banks in Europe have adopted negative policy rates.  Sweden's Riksbank became the latest with today's move (-10 bp).  The President of the...

The offshore renminbi bond market has boomed since the Chinese authorities first allowed domestic banks to issue them in Hong Kong in June 2007. But appetite for the paper — popularly known as ‘dim sum bonds’ — is starting to...

On October 9, the UK announced it was beginning the launch of a yuan-denominated bond, becoming the first sovereign, besides China, to do so.  It is spurring talk that this is the death of the US dollar.   On October...

Over the past few years, the development of RMB (Chinese Yuan) denominated bonds issued offshore (generally referred to as “Dim Sum bonds” in the capital markets) has seen exponential growth. We examine the drivers of this growth and how the...

Performance bonds, or surety bonds, are financial tools that act as guarantees for the satisfactory completion of a project. These bonds are generally used in the construction and services industries. They are also used frequently in the financial trading markets....

Global bonds are debt instruments that are issued simultaneously in several countries. These bonds are usually issued by large multinational organizations and sovereign entities, both of which regularly carry out large fund-raising exercises. By issuing global bonds, an issuing entity...