market, private benchmarks long ago displaced government benchmarks. In the bond markets, evidence from organised exchanges … government bond futures to private interest rate swaps. The global financial crisis seems only to have interrupted this process … in the US dollar bond market, the European sovereign bond strains may have accelerated it in the euro bond market; and …

. 2019 also saw the inaugural issuance of a sustainability-linked or key performance indicator (KPI) bond, and this new … benefits.This article describes the main characteristics of GSS bonds and the evolution of the sovereign GSS bond market to … date. It then looks at KPI bond issuance trends and describes how this new instrument works. Finally, this article analyzes …

. This paper studies the relation between global bond issuer’s currency denomination decisions and prevailing borrowing costs … borrowers. Furthermore, global bond borrowers appear to respond more strongly to deviations from covered interest parity after …