#China 's investment i #water conservancy facilities hit a record high of 770 billion yuan (about $118.5 billion) last year, according to Ministry of Water Resources. Some 150.9 billion yuan of special local government bonds were used to finance water conservancy projects in 2020
(Bloomberg) -- Former U.S. Treasury Secretary Robert Rubin cautioned against taking rock-bottom interest rates for granted and said the government should take advantage of the moment by substantially increasing the maturity of its debt, including possibly issuing ultra-long bonds
Statistical significance and volatility type by maturity of forward rate for 10 factors driving Heath, Jarrow & Morton model, #Singapore government bonds, daily, 1998-2020 #ALM #ICAAP #interestrates #Singapore #MAS #interestrates
Number of statistically significant variables driving the yield curve, Heath Jarrow & Morton model, 10 factors, Singaporegovernment bonds, daily, 1998-2020, with stochastic volatility #ALM #ICAAP #FRTB #FTP #IRRBB #Singapore #MAS #interestrates
Which is more accurate in predicting movements in forward rates? A 1, 2, 3, 6 or 10-factor term structure model? 10 factors (blue) by far, #Singapore government bonds, daily, 1998-2020, with stochastic volatility #ALM #ICAAP #FRTB #FTP #IRRBB #MAS #interestrates
At the end of 2020 the Reserve Bank held $115 billion of government and semi gov bonds, up from $12 billion a year earlier @RBAInfo #rba #ausbiz #ausecon #commsec @CommSec
Which is more accurate in predicting movements in forward rates? A 1, 2, 3, 6 or 10-factor term structure model? 10 factors (blue) by far, #Singapore government bonds, daily, 1998-2020, with stochastic volatility #ALM #ICAAP #FRTB #FTP #IRRBB #MAS #interestrates
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American "capitalism:" The Fed keeps interest rates artificially low, diverting funding from capital investment on Main Street to speculation on Wall Street. Publicly traded companies sell bonds to buyback stock, and when they can't pay their debts the government bails them out.
All Swiss sovereign bonds now have negative yields, out to 50 years! So Swiss government could mount massive 50-year infrastructure programme with no cost of capital. Indeed, it would make small profit!
Question: Barry Bonds got convicted of lying to the government. But who gets convicted when the government lies to us?
But there is. The MoneyTree Policy Committee has magicked up £445bn of new money to buy government and company bonds!
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