"It's definitely concerning," Michelle Bradley, an analyst on the European interest rate strategy team at Credit Suisse in London, said of the government bond holdings concentrated in Spanish and Italian bank coffers.
In that case, Mr. Lachman said, the bonds were "concentrated in a bunch of hedge funds or proprietary desks at New York banks that were highly leveraged".
However, in most emerging economies corporate bonds are concentrated in the hands of a few institutional investors that buy and hold these assets to maturity.
The vast majority (82%) are issued by corporations, with financial institutions (including development banks) making up most of the remainder.The bonds are concentrated in certain sectors.
The broader pool of greenish bonds are concentrated in energy projects, water, waste and pollution control.Unsurprisingly Europe leads the world market, accounting for two-thirds of the global total.
Bond funds concentrating on Treasuries were up 6.4percentt for the three quarters, while corporate bond funds rose 5.7percentt.
These higher dowel forces together with the highly concentrated bond stresses in HSC beams, result in higher bond-splitting stresses where the shear cracks cross the longitudinal tension bars.
Flexure, shear and bond failures were concentrated near the joint of the MONO specimen as shown in Fig. 14a.
It has a rough inner wall and distributes far away from the bonding interface, concentrating at the final solidification locations.
The global economy does look for and demand and feed on these systems, which stimulates their persistence.Q: Yet even with the demand from globalisation, you say bonded labour is largely concentrated in South Asia.A: Bonded labour didn't need the global economy to exist and persist in South Asia.
