• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Marketmind: Time to join the green bond gang

September 8, 2021 by David Barret Leave a Comment

September 8, 2021

A look at the day ahead from Dhara Ranasinghe.

As governments get back to business with debt issuance after the summer break, there’s something notable about this week’s debt sales in Europe — it’s green.

Germany on Wednesday will sell 10-year green bonds, a day after Spain’s debut green bond garnered an impressive 60 billion euros of demand.

Green debt issuance globally, recently passed $1 trillion for the first time, with 90% of sovereign issuance coming from Europe. Britain will sell its first green bond later this month while the European Union plans its first green issue in October.

A greenium index compiled by UniCredit, has risen to 4 basis points, its highest level, indicating that demand for green paper remains strong and investors are willing to pay a premium to buy green European government debt.

Back to Germany. The benchmark euro zone debt issuer wants to be the first to establish a green bond yield curve and Wednesday’s issuance takes it a step closer to that goal.

Another market that’s seen action this week is Bitcoin. It seems to have stabilised after a 17% plunge on Tuesday, the day it become legal lender for the first time in a sovereign state. However El Salvador’s bitcoin adoption was clouded by the price fall as well as technological glitches and protests by mistrustful citizens.

Global stock markets too have stablised after Tuesday’s wild swings but growth concerns are weighing, with Asian shares down, Europe poised to open negative and U.S. equity futures a touch higher.

Later in the day, watch for U.S. JOLTS job openings data and a raft of Fed speakers. And on Wall Street, GameStop, the original ‘meme stock,’ releases earnings.

Key developments that should provide more direction to markets on Wednesday:

– UK supermarket Morrisons is talking to its private equity suitors and the UK Takeover Panel regarding an auction to settle its future ownership.

– Deutsche Bank, Commerzbank CEOs attend Handelsblatt conference

– Japan upgrades Q2 GDP on stronger business spending

– PayPal heats up buy now, pay later race with $2.7 bln Japan deal

– Interest rate meetings in Canada, Poland, Croatia.

– Fed speakers: New York President John Williams 1710 GMT; Dallas President Robert Kaplan 2200 GMT; Boston Fed President Eric Rosengren, Minneapolis Fed President Neel Kashkari 1800 GMT

– U.S. auctions 10-year bonds.

– US JOLTS job openings, Initial jobless claims, consumer credit

Graphic: Sovereigns ramp up green bond issuance this year: https://ift.tt/3DXCR9t

(Reporting by Dhara Ranasinghe)

Source Link Marketmind: Time to join the green bond gang

David Barret
David Barret

Related posts:

  1. Factbox-Potential candidates to become Japan’s next prime minister
  2. Spanish services growth kept up strong pace in August: PMI
  3. Putin says we need to discuss ‘legalising’ political force in Afghanistan
  4. U.S. SEC questions funds over ESG labels – Bloomberg News

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Measurable Brain Changes Following Cognitive Behavioral Therapy Identified For The First Time
  • “It Was Really Unexpected”: Scientists Stunned By Glowing Plants, And All It Takes Is An Injection
  • Scientists Created Gene-Edited Albino Cane Frogs To Unravel The Mysteries Of Natural Selection
  • In Vivo Vs In Vitro: What Do They Actually Mean?
  • IFLScience The Big Questions: What Will The Fossils Of The Future Look Like?
  • Finally, A Successful Starship Launch – What This Means For The Moon Landings
  • 26 Years After Launch, The ISS Will Try A New Way To Stay In Orbit Next Month
  • The World Map As You Know It Is Misleading – Now Africa Wants To Change That
  • “It’s Totally Wacky”: Oldest Known Ankylosaur Had A Kind Of Armor Never Seen In Any Vertebrate – Living Or Extinct
  • “Lost City Of The Amazon” Wasn’t Destroyed By A Volcano After All
  • Why Do Hammerhead Sharks Have A Hammerhead?
  • Neanderthals In Iberia Had Funerary Practices – They’re Just Not What We Expected
  • Monochrome Rainbows: In The Right Circumstances, Rainbows Can Look Very Strange Indeed
  • Shark Teeth Are Losing Their Bite As Ocean Acidification Takes Hold
  • Wasp “Riding A Broomstick” Among Fantastic Finalists Of Wildlife Photographer Of The Year
  • Long-Lost Sailback Houndshark Not Seen Since 1973 Rediscovered In Papua New Guinea
  • How Do You Age A Gas Giant? Jupiter’s Age Revealed By “Molten Rock Raindrops”
  • JWST Observes Interstellar Comet 3I/ATLAS: “One Of The Most Unusual Comets Ever Seen”
  • A Woman Injected Crushed Black Widow To Get High, And It Was A Very Bad Trip
  • Man With 31-Year History Of Depression Feels “Overwhelming Joy” After Experimental Brain Stimulation
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version