Thank you very much for a bumper set of entries to our quiz this year. The answers are shown below – with the spirit of Christmas in our hearts we allowed a small degree of ambiguity on a couple of…
Yearly Archives: 2008
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The 2008 Bond Vigilantes Christmas Quiz – the answers and the winners
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Posted December 22nd, 2008
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Investment grade corporate bond returns – where's the pain been?
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Posted December 19th, 2008
Conventional wisdom says that corporate bonds have performed terribly since the credit crunch broke in July 2007. Yes, BBB rated corporate bond spreads are now wider than they were in the Great Depression, but you may be surprised to know…
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Who cares about the Fed – Deutsche Bank didn’t call one of their bonds this morning. More carnage for the financial bond sector…
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Posted December 17th, 2008
Shock of the morning wasn’t the overnight Fed rate cut to zero-ish, nor the acceleration of their Quantitative Easing programme, both of which we’d expected for some time. The shock came with this press release from Deutsche Bank explaining that…
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It’s that time again. We invite you to take part in the Bond Vigilantes Christmas Quiz. Please send your entries into us by 5pm on Friday 19 December (email link below). The prize is £100 of Amazon vouchers, with second…
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For all the talk of frozen credit markets, the figures showing new issuance may come as a bit of a surprise to some. November has been the most successful month for new non-financial deals this year (see graph on left). …
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Deflation fears meant that November was a phenomenal month for government bonds and investment grade corporate bonds. In local currency terms, US Treasuries returned +5.4% (the best month since November 1981), German government bonds returned +4.0% (the best month since…
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Dubbed by many as an economic equivalent to Al Gore’s "An Inconvenient Truth," Patrick Creadon’s 81 minute documentary looks at the spiralling US national debt & the huge implications for the world’s largest economy. The thirty minute version (see here) is…
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Tonight: the Ascent of Money – Monday 24th November, 8pm Channel 4
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Posted November 24th, 2008
This second episode of historian Niall Ferguson’s series on the story of money and finance, The Ascent of Money, is probably worth a look. It’s apparently going to cover the development and importance of bond markets, and although it includes…
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I’m sure it won’t have escaped most people’s attention that the big American car makers are suffering at the moment – sales by the big three, GM, Ford and Chrysler were down 23% last month. Both GM and Ford announced…
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Turning Japanese I think we're turning Japanese I really think so
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Posted November 19th, 2008
Yesterday it was announced that UK CPI inflation for the month of October was minus 0.2%. The annualised rate of inflation dropped from +5.2% to +4.5%, the biggest year on year drop in UK CPI since April 1992. Inflation expectations…










