- Yield curves flattened in most major government bond markets during the first quarter, reflecting greater investor confidence about inflationary prospects.
- The Mexican financial crisis led to a reassessment of emerging-market risk by investors and a greater appreciation of the interdependence of capital markets worldwide.
- Recent trends in international issuing continued: in particular, the average maturity of international fixed-rate bonds shortened, MTN issues and syndicated credits increased, and privatisations continued to favour international equity issues.
Published on
01 June 1995
Financial market developments