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This first edition consolidates the Sovereign Borrowing Outlook, previously a separate OECD publication, and introduces new chapters on corporate bond markets and sustainable bonds. Chapter 1 provides an overview of sovereign borrowing globally and an outlook for OECD countries, with a focus on the impact of recent developments in funding conditions and changes to the investor base. Chapter 2 explores global corporate bond market dynamics, build-up of risks and vulnerabilities and the impact of a changing macrofinancial landscape. Chapter 3 looks at trends in global sustainable bond markets and discusses policy considerations such as the sustainability premium, the roles of service providers and market liquidity. ...
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