Debt management
The art of debt
Governments across the globe face huge increases in borrowing requirements, sparking concern over possible rating downgrades, while many have seen their credit default swap spreads widen dramatically. Despite this, sovereign debt management offices claim…
Revitalising the markets
Governments are facing unprecedented pressure to finance bank rescue schemes through huge debt issuance. With supply coming thick and fast, the UK Debt Management Office (DMO) has been steering a hazardous path to place its debt into the markets. Until…
Inflated expectations
It may seem counterintuitive, given these deflationary times, but inflation-linked fixed income strategies are proving a hit with investors as fiscal stimulus raises the threat that inflation will take over in the medium term. William Rhode reports
Robert Stheeman
The head of the UK's Debt Management Office, the body responsible for administering the wave of recent government issuance, tells Sarfraz Thind that the recent failed auction doesn't spell a death of demand for gilts
A debt of duty
Profile
A matter of interest
Sovereign Debt Management
Getting the balance right
Inflation
Eine stille Revolution
LÄnderrisiko
A quiet revolution
Governments have traditionally kept their limited use of derivatives close to their chests. But some sovereigns are now broadening their mandates to encompass a wider array of risks and they are increasingly turning to the derivatives markets. By Navroz…
Pensions
Introduction
A gilt complex
Supply and Demand
Inflating demand
Japan inflation-linked bonds
UK yields pose pension fund problems
New angles
RiskNews
RiskNews
UK's 50-year linker breaks new ground
The United Kingdom yesterday priced the first issuance of a 50-year inflation-linked bond. The 1 1/4% gilt of 2055 is the longest-dated sovereign index-linked bond in the world.
UK prepares 50-year linker
New angles
Inflation
Introduction
The top stories from RiskNews
RiskNews
Fund managers back France’s 50-year bond
French governments
Inflated expectations?
Debt agencies
Tennessee’s valley of debt
Tennessee Valley Authority’s power plant financing arrangements should be measured as debt, says the US General Accounting Office, thereby putting further pressure on its politically sensitive and federally restricted debt levels. Paul Lyon reports