Event Detail

Markets Under Pressure: Major Sovereign Bonds and Beyond (Ended)

Date, Time, and Location:
Monday, April 11, 2016 (add this event to your Outlook Calendar)
5:30 - 7:15 pm
The Chicago Club, 81 E. Van Buren, Chicago, IL  60605   (Driving Directions)

Chicago Council and CFA Chicago

Presented By: The Chicago Council on Global Affairs and CFA Society Chicago

Program Description:
Major sovereign bond markets are the cornerstone of the financial system. They not only provide a method for governments to raise funds but also offer low-risk, long-term assets for pension funds and insurance companies to invest in, serve as a yardstick for other asset prices, and give investors a means to hedge interest rate risks. Yet, their smooth functioning cannot be taken for granted. Flashes of extreme volatility have punctuated periods of extraordinary calm. This year, record amounts of European and Japanese government bonds-as much as $6 trillion-yielded negative interest, implying that lenders paid governments to borrow rather than the other way around. What does this mean for markets, investors, and the global economy?

CFA Chicago Members: $10
Nonmembers: $20
President's Circle, Corporate, Sponsor, Donor, and Student Members complimentary

Attire: Business Attire Required

Registration: Online with Chicago Council - CFA Chicago members use promotional code MARKETS16 at check out. Please note you will need to create an account with Chicago Council of Global Affairs in order to register for this event. Create New Account

5:30 pm: Registration and cash bar reception
6:00 pm: Presentation and discussion
7:15 pm: Adjournment

Jaime Caruana Jaime Caruana became general manager of the Bank for International Settlements in 2009. He is also a member of the Group of Thirty. Previously, he was financial counsellor to the managing director and director of the Monetary and Capital Markets Department of the International Monetary Fund. From 2000 to 2006, Caruana was the governor of the Bank of Spain (Spain's central bank) and in that capacity, served on the Governing Council of the European Central Bank. He was also the chairman of the Basel Committee on Banking Supervision from 2003 to 2006, and has been a member of the Financial Stability Board since 2003. Previously, he worked in the private financial sector for nearly 10 years.

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