Global Financial Stability Report, September 2005: Market Developments and Issues

Global Financial Stability Report, September 15, 2005

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Global Financial Stability Report, September 2005: Market Developments and Issues

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Bibliographic details

• Published: September 15, 2005
• Series: Global Financial Stability Report
• DOI: https://doi.org/10.5089/9781589064508.082

Key findings

• Financial conditions have remained broadly positive over the past six months.
• Some market developments diverged from consensus expectations of market participants.
• Long-term interest rates, instead of rising as expected by some investors, have moderated.
• The moderation of long-term interest rates has led to a further flattening of global yield curves.

Market dynamics and interpretations

• Cyclical factors:
  • Market participants appeared to expect more moderate global growth and inflation.
• Structural factors:
  • A secular portfolio shift toward long-term bonds by pension funds and life insurance companies contributed to demand for long-term bonds.

Subjects and keywords covered

• Subjects: Bonds, Corporate bonds, Emerging and frontier financial markets, Financial institutions, Financial markets, Mutual funds, Securities markets
• Keywords: Africa, Asia and Pacific, bond market, Bonds, CDO market, corporate bond bond market, Corporate bonds, Emerging and frontier financial markets, Europe, GFSR, Global, global bond, institutional investor, market correction, market expectation, market inflation expectation, Middle East, Mutual funds, risk premium, Securities markets

References

• https://www.imf.org/en/publications/gfsr
• United States and the IMF
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• Bonds
• Corporate bonds
• Emerging and frontier financial markets
• Financial institutions
• Financial markets
• Mutual funds
• Securities markets
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