Bond Outlook by bridport & cie, January 12 2011

Europe’s bottom-up problems may be on their way to solution, contrasting with the USA where Federal budgetary deficits are spreading down to States and Municipalities, with rising yields for “munis”.

Sovereign debt: Principles and practice

The Principles for Stable Capital Flows and Fair Debt Restructuring were agreed in 2004 between big sovereign issuers and leaders in private finance and subsequently endorsed by the G20 ministers in Berlin in 2004.