Normality redefined: There comes a time when things have been out of kilter with what would generally be construed as normal for so long that they begin to become accepted as ‘just the way it is’. And so it is in the debt markets. Few would claim that conditions are currently normal, although just what that actually means is open to question.
While once viewed as the one market sector that could be relied upon to offer a sea of calm within a turbulent world, the sovereign, supranational and agency arena has become increasingly influenced by events that have called previously trusted notions into question.
Optimising Sustainable Finance: China’s journey and its impact