Risk.net
Updated plan could spike market volatility – harming not only brown bonds, say dealers Print this page
The Bank of England is updating its £20 billion ($28 billion) corporate bond purchase scheme to take better account of the green credentials of companies in which it holds bonds. But traders warn that the move could mean illiquidity and higher spreads for bonds issued by companies that don’t have environmental, social and governance (ESG) chops. And this may not be the only conundrum the change has introduced.
“Will bonds from green companies start to see more demand, liquidity, and tighter
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Risk.net
BoJ working group timetable viewed as likely to boost liquidity in nascent Tonar market Print this page
Dealers have welcomed proposals by the industry committee overseeing Japan’s transition to risk-free rates that would prevent banks offering new yen Libor interest rate swaps by the third quarter this year.
A report published by a subgroup of the Bank of Japan-led Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks for its March 26 meeting proposed that the trading of new Japanese Libor interest rate swaps maturing after 2021 should cease no later than the end of September, except
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