Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/bond; debt; ECB; Eurozone

I didn’t think of that

…the negotiations. Instead, there is a “bondholders’ committee”. Who is on the committee? The “experts” and the large bondholders: primarily banks and bond funds. These banks and bond funds presume…

Economics of contempt on CDS

…a socially useful interaction of bonds and financial markets is that people can buy a balanced portfolio of bonds — a bond index fund when they are young and sell…

Municipal Finance and Depression

…a real estate boom has suddenly gone bust. Washington has shelved a planned bond offering to pay for terminal expansion and parking garages already under construction at Dulles and Reagan…

Interest Rates: The Very Long View

…pick historical series that were as close as possible to the risk and duration of the modern 10-year government bond.) The answer to my original question seems clear: the 1960s…

Arnold’s Fiscal Fraud Continues

…issuing new debt. In a recent report, he said California has $34.6 billion in general obligation bonds outstanding and $30.4 billion in authorized but unissued bonds. Trying to understand what…

Katrina Relief & Ricardian Equivalence

…the debt and gift it to them. When their bill comes do they can sell the bond to pay for it. If Andrew does not have the money to buy…

What Conundrum?

…the US from 2000 to 2003. For example, the government bonds of France and Germany typically paid an interest rate around 0.1%-0.2% lower than the equivalent US government bond, while…

Finally, the Big Event: China Revalues

…China. My first reaction is to keep a close eye on the bond market. Will long-term interest rates be bid up substantially today? (As of 10:00am EDT, 10-yr treasury bond

Interest Rates & Fiscal Policy per the NRO

…is a conundrum, but the market price for bonds is readily explained by its payout structure over its term compared to market yields on similar bonds. For example – if…