On the dominance of the European bond market.

• Author: Rees, Matthew
• Position: Global market/economic trends - Euro v. American dollar - Brief article

"The euro has displaced the U.S. dollar as the world's pre-eminent currency in international bond markets, having outstripped the dollar-denominated market for the second year in a row."

"Outstanding euro-denominated debt accounts for 45 percent of the global market, compared with 37 percent for the dollar. New issuance last year accounted for 49 percent of the global total. That represents a startling turnabout from the pattern seen in recent decades, when the U.S. bond market dwarfed...