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The Gilt-Edged Market is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself.Topics include:* Bond basics* Conventional gilts* Index-linked gilts* Gilt strips* The gilt repo market* The gilt bond future basis* Yield spread trading using giltsThere are also personal reminiscenes that illustrate the great changes tha

Government securities --- Government agency securities --- Government bonds --- Public securities --- Treasuries (Securities) --- Treasury bonds --- Bonds --- Debts, Public --- Securities

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This publication provides comprehensive and consistent information on African central government debt statistics for the period 2003-2012. Detailed quantitative information on central government debt instruments is provided for 17 countries to meet the requirements of debt managers, other financial policy makers, and market analysts. A cross country overview on African debt management policies and country policy notes provides background information on debt issuance as well as on the institutional and regulatory framework governing debt management policy.

Political Science --- Law, Politics & Government --- Public Finance --- Debts, Public --- Government securities --- Government agency securities --- Government bonds --- Public securities --- Treasuries (Securities) --- Treasury bonds --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Securities --- Debt --- Deficit financing

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A debt management system is the backbone of any sovereign debt management office. A robust, well-functioning and user-friendly system allows governments to strengthen their debt management environment. This study aims to contribute to the literature on (i) the essential requirements of a debt management system, (ii) the selection criteria for software that fits the system modernization and integration needs of a debt management office, and (iii) how the solutions currently used by governments meet those requirements. It also contains the results of a survey that shows the current landscape of solutions used by a sample of debt management offices from 31 countries. The target audience is emerging and developing countries that seek to strengthen the information technology platform they use for debt management. The study concludes that it is fundamental for a debt management system to meet the debt management office's evolving needs, while at the same time differentiating among functions and coverage that are mandatory, relevant, and desirable. This differentiation provides a helpful guide for debt managers deciding between building a tailored debt management system from scratch or purchasing an off-the-shelf system. The survey results suggest that current systems can handle the critical functions and instruments of debt management offices. However, if the nature of respondents' debt portfolios evolves over time, system limitations may present challenges. One clear takeaway is that debt managers should consider the ability of their debt management system to interact with external (for example, financial management information system) information technology platforms as an essential characteristic of their information ecosystem.

Debt --- Debt Management --- Debt Markets --- External Debt --- Finance and Financial Sector Development --- Government Bonds --- ICT Applications --- Information and Communication Technologies --- Information Technology --- International Trade and Trade Rules --- IT Systems --- Public Sector Development --- Software --- Sovereign Debt

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Debt Management and Government Securities Markets in the 21st Century reviews recent trends in the structure of OECD government securities markets and public debt management operations, and highlights the generic structural policy issues in emerging debt markets. Over the years, OECD debt managers have developed best practices for raising, managing and retiring debt at the lowest possible price and acceptable risk, largely in the presence of persistent large deficits. New techniques have been developed to cope with the adverse consequences of running surpluses (pricing anomalies and lower liquidity in traditional benchmark markets). This report analyses the impact of advanced electronic systems on primary and secondary markets. In the future, sophisticated electronic auction systems will enable institutional investors to bid directly in auctions, thereby by-passing primary dealers. Electronic trading systems will inevitably reshape secondary fixed-income markets. Underlying these challenges is the growing number of OECD sovereign issuers granting greater independence to debt management operations, accompanied by an increased emphasis on risk assessment and risk management. The report also addresses the introduction of new instruments (index-linked bonds and derivatives), as well as policies related to investor relations.

Debts, Public -- OECD countries. --- Economics -- Public Debt. --- Government securities -- OECD countries. --- Debts, Public --- Government securities --- Political Science --- Law, Politics & Government --- Public Finance --- Government agency securities --- Government bonds --- Public securities --- Treasuries (Securities) --- Treasury bonds --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Bonds --- Securities --- Debt --- Deficit financing --- Economics --- Public Debt --- Dettes publiques --- Effets publics

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This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment, especially prudent fiscal policy, should underpin market development; (ii) a sound and transparent public debt management strategy supports secondary market activity; (iii) a deep and diverse investor base is required; (iv) poor market infrastructure leads to high transaction costs, slow order execution, and excessive operational risk, which all inhibit trading; (v) secondary market growth is facilitated by effective monetary policy implementation; and (vi) reforms should be sequenced to ensure even development of all the structures supporting the secondary market.

Government securities. --- Secondary markets. --- Government agency securities --- Government bonds --- Public securities --- Treasuries (Securities) --- Treasury bonds --- Markets --- Bonds --- Debts, Public --- Securities --- Finance: General --- Investments: General --- Public Finance --- General Financial Markets: General (includes Measurement and Data) --- Debt --- Debt Management --- Sovereign Debt --- Investment & securities --- Finance --- Public finance & taxation --- Government securities --- Securities markets --- Government debt management --- Public debt --- Capital market --- Financial instruments --- Mexico