Early this morning it appears that at last Greece and the European authorities are at the final stages of launching a bond swap with the private sector – known as the private sector involvement (PSI) procedure – which will aim…
Monthly Archives: February 2012
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The Eurozone has become a very extreme example of the dangers inherent of creating a single currency area populated with a myriad of different countries and regions. There is little doubt that the right monetary policy for Germany is not…
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The big credit headline this week in the sterling bond world is that the UK gilt market has been put under review by one of the top three rating agencies Moody’s, for a downgrade from AAA to AA+. As bond…
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♥Mexico♥ – a rare ‘EM’ country that we love
- Topics
- currency, economic factors
Posted February 14th, 2012
I’ve always had a problem with the standard narrative that you hear about emerging markets (EM). Investors are constantly hearing, or telling, stories about how you must have exposure to EM because these countries have much stronger growth rates and…
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Bond Vigilantes book – make a donation to support Cancer Research
- Topics
- Charity
Posted February 9th, 2012
To celebrate the 5th anniversary of the Bond Vigilantes blog, we’ve put together a book of 100 of our articles. From the first signs of weakness in the US housing market through to the disaster of the European Financial Stability…
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Many question how the heavily indebted European nations will get out of the mess they are in. Absent a break-up of the single currency unit, most economists point to a significant reduction in unit labour costs (through a reduction in…










