Government Bond Markets Global Outlook Fisher Capital Management Seoul
Government Bond Markets Global Outlook Fisher Capital Management Seoul - Conditions in
the government bond markets have remained very difficult over the past month, and there have
been...
More
Government Bond Markets Global Outlook Fisher Capital Management Seoul
Government Bond Markets Global Outlook Fisher Capital Management Seoul - Conditions in
the government bond markets have remained very difficult over the past month, and there have
been further falls in some of the minor markets, especially in the euro-zone, because of
continuing fears about sovereign debt defaults.
The agreement reached by the member countries
of the euro-zone to combine with the IMF to provide any necessary support to enable Greece to
refinance its maturing debts and avoid a default has had a poor response in the markets; but at
least Greece has been able to make further bond issues; and the gilt edged market has coped
fairly well so far with a disappointing Budget statement that has left any real attempt to resolve
the serious UK debt problems until after the general election.
But the sudden weakness in the
world bond markets after a series of disappointing auctions has once again increased the
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