The JGB conundrum
Thanks to bond indices, international bond funds have had little choice but to up their exposure to the Japanese government bond market. New indices could change that.
October 16, 2000
Global trade is expanding at an annual clip of 7%-9% but banks' involvement in the financing of the trade is decreasing. 50 years ago, letters of credit accounted for 80% of global trade finance, now they are less than 20%.
