The long goodbye

After September 11, many market watchers reckoned that higher US public expenditure meant that reports of the demise of the 30-year treasury were exaggerated.

Argentina's messy debt exchange

Ingeniously structured from a legal point of view, Argentina's debt restructuring begins with what is effectively a domestic bond swap.

Beware of cross-border currents

Telecoms companies mired in debt are a salutary example of what can happen when steady unexciting service providers try to take on more dynamic roles.