For all those interested in "Bond Markets" - my new infoposter "ECONOMICS" is now available: - the poster gives an overview of the development of economic theory from its beginnings. - the poster shows the historical roots of economic ideas and their application to contemporary economic policy debates. View and order at http://www.cee-portal.at/PrestaShop Best regards Martin Kolmhofer

1. Debt Capital Markets International Economic Relations Metropolitan University Prague Martin Kolmhofer 2011/2012

5. 18.08. 2011

6. 16.09. 2011

7. 30.11.2011

9. What are “the markets”? "What are the financial markets? It is some boys sitting at their computers and who are wrong most of the time. We will put them on some glasses so they can see that Argentina does not need expensive money.“ (Domingo Cavallo, former Argentine Finance Minister)

10. What are “the markets”?

14. Credit Agency Ratings Government regulations or internal regulations restrict the amount that many pension funds and insurance companies can invest in bonds that have a high probability of default, those rated as “below investment grade”.

16. The Yield Curve The curve plots Treasury yields against a range of maturities, from 1 month to 30 years. It’s slope indicates the bond market’s expectation about the future course of the economy. The Yield Curve can be regarded as a forecast of future short-term interest rates

21. “ Monetizing” Debt How the ECB finances Euro area governments

23. “ Rolling over” Debt 1928: 2011:

24. How much is too much?