- There was a reduction in volatility, and a partial decoupling, of the major industrial countries’ bond markets in the final quarter of 1994.
- In 1994 as a whole, in spite of a particularly adverse global interest rate environment, international borrowing activity expanded: significant growth in the medium-term note and syndicated credit markets more than offset a reduction in bond issues.
- Since early 1994, the volume of activity in exchange-traded derivatives has fallen, as financial markets have become less volatile, but the longer-term trend towards increased volumes has continued as risk management tools have gained wider acceptance.
Published on
01 March 1995