Bonds

Story

Government bond markets on the path to Japanification, says Fidelity

Government bond markets on the path to Japanification, says Fidelity

August 2020 featured a low volatility environment compared to previous years, as sentiment around the macro backdrop and the Covid-19 recovery improved, and the ongoing growth in central bank balance sheets proved a boon for risky assets. But with economic data having little impact on prices and a larger share of the market owned by domestic commercial banks, are developed government bond markets at risk of Japanification?

ESG & responsible investing

Germany’s first sovereign green bond draws huge demand as ‘twinning’ strategy addresses investors’ liquidity concerns

Germany’s first sovereign green bond draws huge demand as ‘twinning’ strategy addresses investors’ liquidity concerns

Germany has joined a growing pool of sovereign issuers of green bonds with the launch of a EUR6.5 billion green bond, which was more than five times oversubscribed by investors, who placed over EUR33 billion in orders.