Sovereigns to test the long end of the curve, Covid-19 update: Outlook for Chinese monetary policy in 2021
Commentary: Sovereigns test long end of the curve
By Chris Papadopoullos and Natalia Ospina
If 2020 was a borrowing binge, 2021 is lined up to be a refinancing one, with central banks venturing further up the yield curve. This year’s borrowing has been funded by short maturities, instruments that can be tapped at short notice and have a range of buyers. Central bank purchases have suppressed...