Governments, banks and corporates are issuing more longer-dated bonds, in a sign of increased confidence among investors in global growth prospects. The shift towards longer-term bonds is expected to reduce refinancing risks in 2011 and 2012, easing worries that a build-up of maturing debt might make it more difficult for governments and companies to renew loans. Issuance of longer-dated bonds maturing over 15 years or more has risen to 20% in the past three months, compared with 10% a year ago, according to Dealogic.

This entry was posted by Gwen Robinson on Wednesday, December 2nd, 2009 at 4:40 and is filed under Capital markets. Tagged with bonds. Edit this entry.