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It has been a long journey to the deep and diverse Asian bond markets of today, taking in the rise of China, the emergence of local currencies and the region’s maturing dollar market. Now, investors and issuers are looking ahead to further Federal Reserve hikes and preparing for the next challenge. By Adrian Murdoch.

Having already racked up $200bn of new issues in the product’s first decade, green bond bankers now have far more ambitious goals in sight. Following sovereign endorsements and with strong growth ahead in emerging markets and structured finance too, they even aspire to an eventual double-digit share of the global bond market. By Julian Lewis.

The first additional tier one (AT1) bonds are up for refinancing next year. With supply forecasts shrinking and the asset class performing extraordinarily well in the secondary market so far in 2017, banks should find the second generation of instruments much cheaper to come by than the first. By Tyler Davies.

The covered bond is the all-terrain senior financing product for banks that is built to stand the test of time. It has come through the financial crisis intact and has coped with everything the European Central Bank has thrown at it. But can it really handle going off-road with the introduction of European Secured Notes? By Bill Thornhill.

The ability of investors to analyse and take down a huge variety of structures in both private and public benchmark deals means sterling will continue to be a unique bond market for domestic and international borrowers — no matter what Brexit means for the UK or the rest of the world. By Philip Moore.

Regulatory authorities have been shaping the concept of bail-inable senior bonds for many years, but the end is finally in sight for European capital market participants. After a little more fine-tuning in 2017, banks and investors will come to settle on the real value of these new products. By Tyler Davies.

Over the last three decades, few of the world’s capital markets have acted as a more consistent and dependable source of funding diversification than the yen bond market, especially the Samurai sector. By Philip Moore.

The heightened borrowing requirements of public sector borrowers across the world since the global financial crisis of 2008 do not appear to be falling back to 2007 levels anytime soon. That, coupled with more issuers entering the syndicated market and increased political risk eating up issuance windows, has made the skill of planning borrowing calendars more difficult than ever. By Craig McGlashan.

Some of the big names in Europe’s agency sector sat down with GlobalCapital in late May to discuss the funding landscape and its future, touching on political risks both in Europe and across the Atlantic, monetary policy, arbitrage opportunities and green bonds.

Financial historian Professor Richard Roberts takes us back to 1987 when GlobalCapital (then called EuroWeek) was launched, a time of market crashes, when Japanese banks dominated the league tables, the World Bank was the best borrower in the market and a small German agency called Kreditanstalt für Wiederaufbau issued its first deal.

Since 1987, when EuroWeek started publishing, the global capital markets have been through several revolutions, but there are still plenty of working practices in 2017 that would be recognisable to someone from the fixed income market of 1987. What might the capital markets of 2047 look like? Owen Sanderson makes some predictions .

Government bond markets are the foundation of the capital markets, but have been anything but stable in the last 30 years, as new techniques of sovereign debt management have given way to the establishment of the euro, the sovereign crisis, and the re-emergence of central banks at the heart of the market. By Owen Sanderson.