AFT emerges from crisis in stronger condition

February 25, 2013 12:00 am

Transparency, regularity, liquidity and innovation have long been the hallmarks of the Agence France Trésor, the institution that manages France’s debt. But recently, in the face of the euro crisis, it has added adaptability to its qualities. Philip Moore reports.

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Sovereign issuers roundtable: Getting ahead of the steepening curve

The first half of the year was an eventful and volatile one in the government bond market, and the second half threatens more uncertainty. Sovereign issuers are dealing with steeper curves as investors demand higher term premia. Meanwhile, deficit dynamics are shifting, especially as some countries face up to higher defence and infrastructure spending. GlobalCapital gathered senior funding officials from the EU, Greece, Ireland, Italy and Portugal in June in London to discuss how their funding plans had fared so far, how they are developing their investor bases and how they plan to tackle the uncertainties that lie ahead.

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SSAs accelerate funding, despite defence and trade stresses

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Defence spending presents mountainous challenge to public sector debt issuers

To secure their countries in uncertain times, governments around the globe are set to increase defence budgets to a size that has been rarely achieved in a generation. Strained public finances suddenly present an immediate barrier to the security of the public and key players in the capital markets are rushing to act, writes Elias Wilson

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US Treasuries have long been the foundational asset underpinning the global financial system. But recent policy proposals from the White House have shaken this foundation, and what this means for capital markets participants seems perilously uncertain, writes Elias Wilson

Rebalancing needs create fresh opportunities for investors

As volatility continues to plague the US Treasury market, public sector issuers have found themselves at the centre of attention of investors seeking high quality, liquid assets as an alternative investment to US Treasuries. Market participants eagerly await further evidence in the coming months of any meaningful shift in investors’ behaviour. The early signs are certainly encouraging, writes Addison Gong

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AFT emerges from crisis in stronger condition

Transparency, regularity, liquidity and innovation have long been the hallmarks of the Agence France Trésor, the institution that manages France’s debt. But recently, in the face of the euro crisis, it has added adaptability to its qualities. Philip Moore reports.

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