sovereign debt
The grand monetary experiment of the last decade and a half has undermined the global financial system and necessitates a radical solution.
Dick Cheney said that “Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right.
Should governments ever decide to start deleveraging, how could they do it?
The current debt ceiling debate reveals a painful reality that the United States must confront.
Contrary to the popular narrative, oil isn't all that matters to the Saudi economy.
What does the Saudi Arabian National Debt Management Center's debt strategy look like?
Jason Voss, CFA, assesses three factors to understand the current bill of health for emerging market fixed-income investments.
“When you think about credit risk today, sovereign default risk is the number one concern for investors, while the corporate bond market has been relatively benign since 2008–2009,” according to Edward I. Altman, a highly respected researcher of the high-yield bond markets,
It used to be that investors most feared interest rate risk in industrial countries and credit risk in emerging economies. The rules have changed, says Ramin Toloui, PIMCO's global co-head of emerging markets portfolio management.
The U.S. government will hit the statutory limit on its ability to borrow sometime between mid-February and early March, and unless Congress authorizes an increase in the debt ceiling, the government will not be able to meet all of its financial obligations. While the political squabbling has garnered most of the headlines, there are real financial consequences at stake. In a poll conducted earlier this week in the CFA Institute Financial NewsBrief, we asked readers how they expected financial markets to react if the U.S. failed to resolve its debt ceiling crisis and subsequently defaulted on its debt.