‘Liz Truss-lite’: Is Japan in the midst of a sovereign debt crisis? Markets Japan’s long-dated bonds suffered their worst sell-off this century on Tuesday. Ali Lyon asks whether the rout could spark a full-blown debt crisis? For decades, the world’s fixed income investors have been sucked in – and spat out – by an alluring trade on Japan’s government bonds. Secure in their belief that the securities’ unfathomable, [...]
Scotland’s bond gambit is a political game of kilts vs gilts Opinion The SNP’s plan to issue quasi-sovereign bonds is little more than a political gesture that will ultimately push up the price of borrowing, says Tim Focas The Scottish government’s plan to issue its first-ever £1.5bn of quasi-sovereign bonds, known as “kilts”, is being pitched as a confident stride towards financial maturity. In reality, it looks [...]