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October 2015

EUR IG non-financial bond issuance in 2015

The Yanks are coming: US firms are rushing to the EUR corporate bond market

Reverse Yankees, i.e., bonds issued by US entities in currencies other than USD, have become an integral part of the global investment grade (IG) corporate bond universe, particularly in the European IG space. For treasurers of US companies the issuance of EUR-denominated Reverse Yankees offers several advantages:

  1. In case a US firm reporting its results in USD has operations within the Eurozon…

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M&G YouGov Inflation Expectations Survey – Q3 2015

One of the key objectives of modern monetary policy is to anchor inflation expectations, because managing inflation expectations is the first step to managing inflation.

The extent to which inflation expectations are anchored can have direct implications for the performance of inflation and the broader economy.

Where inflation expectations are not very well anchored, falling (or rising) inflati…

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